This course reviews any new SSARS pronouncements and their impact on financial statements.
This course reviews how SSARS 26 effects Presentation, Compilation, and Review Engagements.
The effect of NOLCAR on the CPA through ethics is explored.
The differences between Preparation Engagements and Compilation Engagements are highlighted.
The new Quality Management Standards will change how the professional views review and compilation engagements and is discussed.
Publication Date: February 2025
Designed For
Professional accountants in public practice and in management who need to stay current on SSARS. This includes those in not-for-profits, those who serve on boards, and those in consulting.
Topics Covered
- SSARS 26 and Quality Management
- NOCLAR and attest engagements
- NOCLAR and professionals in management/business
- Reporting requirements for Presentation Engagements
- Disclosure issues in Preparation Engagements
- Formats for SSARS Engagements and financial statements
- Documentation requirements for SSARS engagements
Learning Objectives
- Identify new Statements on Standards for Accounting and Review Services (SSARS)
- Describe what an attest function is
- Describe how independence impacts an attest function
- Explain what the PEEC stated about a Preparation Engagement
- Describe the impact of non-compliance with laws and regulations (NOCLAR) attest engagements
- Describe the effect of Quality Management Standards on SSARS
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
A general knowledge of SSARS
Advance Preparation
None
Instructor
Pat Patterson
Cecil Patterson, (Pat), CPA, MBA, is an award-winning, nationally recognized author, speaker, and discussion leader for continuing education courses and numerous state societies. He has experience at the local and national CPA-firm level and as an adjunct university professor.
Pat holds an MBA from the University of North Florida and is a CPA and owner of the firm of Cecil Patterson, CPA. His firm provides, accounting, tax preparation and tax planning services, wealth management services, and consulting for businesses and other professional firms.
Pat has served on the AICPA Council, the FICPA Council, and the FICPA Educational Foundation Board of Trustees.