Financial Statement Preparation, Compilation, and Review Services: What You Need To Know
Date: Monday, December 14, 2026
Instructor: Salvatore Collemi
| Begin Time: |
11:00am Pacific Time
12:00pm Mountain Time
1:00pm Central Time
2:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs |
|
Financial statement preparation, compilation, and review services continue to evolve as firms navigate increasing regulatory scrutiny, expanding disclosure expectations, and changes in client needs. This course provides a comprehensive and practical overview of requirements under the SSARS framework, focusing on key responsibilities, documentation standards, reporting requirements, and best practices for maintaining engagement quality.
Participants will learn how to distinguish between preparation, compilation, and review engagements; apply relevant professional standards; identify common pitfalls; and implement efficient processes for delivering high‑quality services to small and mid‑size entities. This update‑driven program equips practitioners with the technical knowledge and practical insights needed to strengthen compliance and enhance service quality across SSARS engagements.
Who Should Attend
This course is designed for accounting and assurance professionals involved in SSARS engagements.
Topics Covered
- Overview of SSARS guidance and recent updates
- Distinguishing preparation, compilation, and review engagements
- Documentation and reporting requirements for each service level
- Key elements of engagement letters and required communications
- Common problem areas and risk management considerations
- Disclosure expectations and common financial statement presentation issues
- Best practices for workpaper organization and engagement quality control
Learning Objectives
- Differentiate between preparation, compilation, and review engagements under SSARS
- Apply key requirements of the most current SSARS guidance to real‑world client scenarios
- Identify documentation, reporting, and disclosure requirements for each type of engagement
- Implement strategies to strengthen engagement efficiency, quality, and compliance
- Recognize common issues and risk areas in financial statement preparation and attestation services
- Advise clients effectively on responsibilities, expectations, and limitations of each engagement type
Level
Intermediate
Instructional Method
Group: Internet-based
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
General understanding of financial reporting and attestation standards
Advance Preparation
None
