This mid-year update course provides CPAs with a comprehensive and practical review of the latest developments affecting Preparation, Compilation, and Review engagements under the Statements on Standards for Accounting and Review Services (SSARS). Participants will receive timely guidance on changes in authoritative literature, current issues impacting nonpublic entity reporting, and key updates related to engagement letters, reporting requirements, documentation standards, and disclosure considerations.
The program also explores the implications of recently revised AICPA Code of Professional Conduct provisions—including Ethics Section 1.295—and examines how the new Quality Management Standards (QMS) intersect with SSARS 26. Through a clear and structured update, practitioners will strengthen their compliance readiness and reinforce best practices for delivering high‑quality SSARS engagements.
Publication Date: June 2026
Designed For
This course is designed for accounting professionals responsible for SSARS engagements or involved in nonpublic entity financial reporting.
Topics Covered
- Latest updates to preparation, compilation, and review standards
- Timely issues involving engagement letters, reporting, disclosures, and documentation
- Attest vs. non-attest applications within SSARS
- Ethical considerations under AICPA Ethics Section 1.295
- Implementation considerations for Quality Management Standards and their connection to SSARS 26
- Practice issues and real-world considerations for nonpublic entity engagements
Learning Objectives
- Identify and explain significant updates to Preparation, Compilation, and Review standards
- Recognize emerging issues affecting SSARS engagements, including engagement letters, reporting, disclosures, and documentation
- Identify documentation requirements impacted by new preparation, compilation, and review standards
- Evaluate ethical considerations related to attest and non-attest services under AICPA Ethics Section 1.295
- Identify the impact of the AICPA Quality Management Standards (QMS) on SSARS 26 and related workflows
- Apply updated SSARS guidance to enhance compliance, quality, and engagement performance
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Accounting (1 hour), Auditing (1 hour)
Program Prerequisites
General working knowledge of SSARS requirements
Advance Preparation
None
Instructor
Salvatore Collemi
Salvatore A. Collemi, CPA is the Managing Member and Founder of Collemi Consulting and Advisory Services, LLC where he relies on over two decades of global business experience to guide U.S. and International public accounting firms, litigation attorneys, valuation experts, the C-suite and related institutions that support the profession in order to promote and enhance audit quality.
His practice provides outsourced high-level strategic and technical accounting & auditing guidance. Services include a full range of U.S. and International accounting & auditing consultations, technical reviews of financial statements and workpapers, AICPA Peer Review & PCAOB Inspection preparation, perform internal inspections, customized CPE training, independence & ethics consultations, etc. Salvatore is also a keynote speaker at company retreats and conferences. His past work experience at the U.S. Securities and Exchange Commission and the AICPA, combined with his previous roles as external auditor and technical partner to both national and international public accounting firms, gives him a keen understanding into the mindset of both regulators and standard-setters that he shares with his clients.
As a recognized subject matter expert on International Financial Reporting Standards (IFRS), Salvatore was named by the AICPA as an official participant in the development and review of IFRS questions for the Uniform CPA Examination and served as the IFRS Expert-at-Large for the AICPA Board of Examiners Content Committee from 2011-2014. Salvatore also served as AICPA liaison to the International Federation of Accountants (IFAC) Transnational Auditors Committee and Global Peer Review Subcommittee to assist in the development of their international quality assurance review program.
For more information about Salvatore, visit Collemi Consulting & Advisory Services, LLC and LinkedIn.