New SSARS Pronouncements & Interpretation 101-3 (Currently Unavailable)

Author: Pat Patterson

Learn about the new 2014 and 2015 compilation and review professional standards from the ARSC, which represent the most significant changes to these standards in over 30 years.

Review pertinent, specially selected standards from earlier years. Review the AICPA's Exposure Draft for "Preparation of Financial Statement", Compilations", and Association with Financial Statements". If the new standard is issued, then the course will look at the new requirements.

Publication Date: December 2015

Designed For
Professionals in public practice, industry, government, and education who deal with nonpublic entities

Topics Covered

• New compilation and review standards for 2014/2015 including the newly released SSARS 21 and the Exposure Draft that relates to Preparation of Financial Statement, Compilations, and Association with Financial Statements.
• Financial Reporting Platform for SMEs from the AICPA.
• New releases from the FASB are Private Company Council and its status.
• New issues about the concept of materiality for compilation and review engagements
• New issues in Compilation and Review engagement letters and review representation letters specified in SSARS 19.
• An advanced look at documentation standards will be reviewed for changes required by new compilation and review standards
• Updates on previously issued standards that may still apply and their involvement with SSARS 19
• Any other matters deemed appropriate and timely

Learning Objectives

• Recognize the new compilation and review standards for 2014 and 2015 updates.
• Recognize the Exposure Draft for Preparation of Financial Statement, Compilations, and Association with Financial Statements.
• Recognize selected revised professional compilation and review standards that still apply from earlier years.

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites
Participants should have an understanding of Compilation and Review Standards.

Advance Preparation
None