SSARS 25 and Beyond - Updated Rules for Accounting, Reviews & Compilations
Date: Wednesday, June 18, 2025
Instructor: Robert K Minniti
| Begin Time: |
9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs |
|
In February 2020 the Statement on Standards for Accounting and Review Services (SSARS) NO. 25 Materiality in a Review of Financial Statements and Adverse Conclusions was issued. SSARS No. 26 was passed and clarified some positions in the standards including the preparation of financial statements, compilation engagements, review engagements, engagement letters, documentation, independence, ethical considerations and reports and disclosures. This course reviews the new standards for compilations and reviews of financial statements for nonpublic companies and businesses as well as the new standards for preparing financial statements. This includes a discussion on materiality, going concern issues, and adverse conditions. We will discuss the application of the new standards.
Who Should Attend
This course would be appropriate for CPAs, CMAs, CIAs, CFEs, CGMAs, CFFs, MAFFs, CFOs, CEOs, business owners, business managers, internal auditors, external auditors, corporate accountants, government accountants and anyone else in the accounting or auditing profession.
Topics Covered
- Determining materiality
- Determining going concern issues
- Reporting adverse conditions
- SSARS 25
- SSARS 26
Learning Objectives
- Identify the new requirements in SSARS 25
- Identify the new requirements in SSARS 26
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
None
Advance Preparation
None
