Mastering the AICPA SSARS Requirements

Author: Salvatore Collemi

If you perform a good amount of compilations, reviews, and financial statement preparation engagements as part of your attest practice, then this course is right for you! Our compilation, review and financial statement preparation overview training course will give you and your professional staff everything you need to perform these engagements efficiently and effectively. We will address all current regulations relevant to the Statements on Standards for Accounting and Review Services (SSARS) No. 21-25 as well as the latest best practices that will help you streamline the performance of these engagements.

Publication Date: September 2022

Designed For
CPAs and practitioners who frequently perform compilation, review and financial statement preparation engagements under the AICPA SSARS requirements.

Topics Covered

• Introduction
• Compilation Engagements
• Review Engagements
• Financial Statement Preparation Engagements
• SSARS 25
• Common Reporting Deficiencies
• Common SSARS Review Deficiencies
• Common Compilations Deficiencies
• Resources & Tools

Learning Objectives

• Recognize and apply the appropriate performance of compilation, review and financial statement preparation engagements
• Describe the reporting requirements associated with compilation and review engagements
• Identify the appropriate requirements in providing preparation of financial statements services
• Identify the AR-C Section that prescribes requirements related to special considerations for international reporting issues
• Identify the type of analysis that is most appropriate when the relationship between accounts is fairly predictable and stable (e.g., the relationship between sales and accounts receivable)
• Identify the type of analysis that provides potentially the highest level of precision
• Identify a common deficiency related to financial statement recognition and measurement, presentation and disclosure

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites
CPAs and practitioners who frequently perform compilation, review and financial statement preparation engagements under the AICPA SSARS requirements.

Advance Preparation
None