2025 Statements on Standards for Accounting and Review Services (SSARS) for CPAs: Spring Update
Author: Pat Patterson
| CPE Credit: |
2 hours for CPAs |
This course is about Preparation, Compilation and Review professional standards and the significant changes in authoritative literature such as SSARS 21-SSARS 26. These changes involve details in engagement letters, reporting (or lack thereof), disclosures, documentation and ethical conduct and considerations from the newly Revised AICPA Code of Professional Conduct. This includes the ethical issues in NOCLAR for SSARS. These issues are explained and discussed with examples and illustrations given for clarity.
Publication Date: April 2025
Designed For
Professionals in public practice, management, and education who deal with nonpublic entities and need an update course for SSARS engagements
Topics Covered
- Update of preparation, compilation, and review standards known as SSARS
- Selected current issues about engagement letters, reporting, disclosures, documentation from SSARS 21 through SSARS 26
- Specific problems with attest/nonattest applications in SSARS
- New ethics in SSARS engagements concerning NOCLAR (noncompliance with laws and regulations as changed in AICPA ethics)
- Specific issues regarding new Quality Management Standards and SSARS
- Documentation requirements and standards outside of SSARS 21-26 for all engagements
- Other matters considered important and timely
Learning Objectives
- Identify and explain changes in Preparation, Compilation, and Review standards
- Identify selected, current issues in SSARS 21-26
- Identify and explain specific issues and changes in engagement letters, reporting, and documentation for Preparation, Compilation and Review engagements
- Identify documentation standards reviewed for changes required by new preparation, compilation, and review standards plus documentation outside of SSARS 21 - 26 for all engagements
- Identify selected issues of Ethics 1.295 for attest and nonattest activities
- Explain the impact of Quality Management Standards on SSARS 26 engagements and specifically the impact on SSARS from SSARS 26 and other QM issues
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
General understanding of SSARS requirements
Advance Preparation
None
