Seminar

VIRTUAL - Compilations, Reviews, and Preparations: Engagement Performance and Annual Update

  • Friday, December 11, 2020

    9:00am – 4:30pm
    (Registration: 8:40am)
  • 8
    CREDITS
    Auditing

Virtual classes allows us to bring the instructor LIVE to your electronic device.  During the course, you will be able to see the same instructor and the presentation in real time and ask questions during the seminar. 
Virtual Class Agenda
8:40am - Online Registration Opens
9:00am - Class Begins
12:30pm - Lunch
1:00pm - Class Resumes
4:30pm - Class Ends
Please note: All breaks will be announced by the instructor at the start of class

Specifically designed for preparation, compilation, and review practitioners and their staff, this course will provide you with a comprehensive review and hands-on application for performing financial statement preparation, compilation, and review engagements. You will learn the ins and outs of SSARS No. 21, Clarification and Recodification. The course will also cover the changes that have occurred with the issuance of SSARS Nos. 22 and 23 with regard to compilation of pro forma financial information engagements, engagements on prospective financial information, as well as in other areas relevant to SSARS No. 21 engagements. Also, the course will perform a detailed review of the key provisions of the recently issued SSARS No. 24, Omnibus Statement on Standards for Accounting and Review Services - 2018. Lastly, we will review proposed changes to the SSARS in order to conform the guidance to international standards.

Not only will this course bring you up to date on SSARs requirements and guidance, but more importantly, it will provide you with practical examples and illustrations to help you effectively and efficiently perform these types of engagements. This course is intended to be your go-to reference for training your staff and managing your SSARS No. 21-24 services in compliance with professional, ethical, and technical requirements.

Objectives

  • Understand, apply SSARS No. 21, Clarification and Recodification
  • Be familiar with changes due to the issuance of SSARS Nos. 22, 23 and 24
  • Be familiar with compilation and review program examples and disclosure illustrations
  • Identify and apply compilation, preparation, and review procedures
  • Be aware of the most recent compilation and review reports and other communications
  • Utilize hands-on examples and illustrations to increase your overall understanding and application of the material

Highlights

  • SSARS No. 21, Clarification and Recodification, and updates to SSARS No. 21 due to the issuance of SSARS No. 23, Omnibus Statement on Standards for Accounting and Review Services
  • SSARS No. 22, Compilation of Pro Forma Financial Information
  • SSARS No. 24, Omnibus Statement on Standards for Accounting and Review Services - 2018
  • Proposed changes to the SSARS
  • Sample comprehensive engagement work programs for preparation, compilation and review engagements
  • Reporting and disclosure illustrations for each level of service, including attesting on personal financial statements, prescribed form, special purpose framework and other engagement variations
  • Other communication requirements, such as sample engagement letters and management representation letters

Additional Information

Designed For

Accounting practitioners and their staff performing and managing compilation, preparation, and review engagement services

Vendor

Surgent

Advanced Preparation

None

Credits

8.00 Taxes

Prerequisite

Experience in performing and managing compilation, preparation, and review engagements

Instructor

Richard Daisley

Course Number

20CRAU/M

Level of Knowledge

Update

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