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SSARS 21: Compilation and Review Standards Update

Get up to speed on the significant changes to SSARS and avoid noncompliance.

Many practitioners are engaged by their clients to perform nonaudit engagements and may not understand the professional requirements when performing such services. They may often roll forward engagement files each year and perform similar procedures, but then struggle to improve the realization on such engagements. Some practitioners may also struggle to explain how their work meets the requirements of professional standards during subsequent peer review inspections. This topic helps explain the nuances of review, compilation, and preparation engagements in plain English as well as the recent changes in related professional standards. This material also identifies ways that practitioners can improve their profitability AND reduce their engagement risk.

Runtime: 60 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Summary of Review, Compilation, and Preparation Engagements

  • Organization of Statements on Standards for Accounting and Review Services (SSARS)
  • Discussion of the Guide
  • Interaction With Other Professional Standards

Summary of Recently Issues SSARS

  • SSARS No. 22, Compilation of Pro Forma Financial Information
  • SSARS No. 23, Omnibus-2016
  • SSARS No. 24, Omnibus-2018

Best Practices

  • Implementing a Risk-Based Approach for Review Engagements
  • Engagement Letters
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on July 31, 2018.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • HI CLE 1.5
     
  • ME CLE 1.5
     
  • NJ CLE 2.0
     
  • VT CLE 1.5
     
  • WV MCLE 2.0
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Jeremy Dillard, CPA, CGMA

Jeremy Dillard, CPA, CGMA

SingerLewak LLP

  • Technical Standards Partner for SingerLewak LLP
  • Member of the Private Company Council, which advises the Financial Accounting Standards Board (FASB)
  • Past member of the AICPA Accounting and Review Services Committee
  • Frequent speaker at conferences and webinars on various accounting and assurance topics
  • Author of AICPA practice aids on Engagement Letters and Internal Controls
  • Bachelor’s degree from University of California – Santa Barbara
  • Member of the American Institute of CPAs and California Society of CPAs
  • Can be contacted at [email protected] or (818) 999-3924
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 404169
Published 2018, 2020
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