This session focuses on the many changes to Preparation, Compilation, and Review Engagements with the release of SSARS 25, Materiality in a Review of Financial Statements and Adverse Conclusions.
Publication Date: May 2020
Designed For
Attendees should include all professionals who have a need to understand the requirements for Preparation, Compilation, and Review Engagements made by SSARS 25.
Topics Covered
- What happened?
- Materiality Definitions
- The Changes for Auditors
- The Changes to Attestation
- The Changes to SSARS
- Illustrations ” Accountant's Review Reports
Learning Objectives
- Recognize the accounting and format changes from SSARS 25
- Recognize new reporting issues
- Recognize new reporting formats
- Identify how to better react to adverse conclusions
- Identify how to advise clients on new issues with SSARS 25
Level
Intermediate
Instructional Method
Self-Study
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
A general understanding for related SSARS issues.
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.