Description: |
Compilation and review issues have dominated the profession during the past few years and the codification of SSARS 21 in AR Sections 60, 70, 80, and 90. This program addresses these changes and current performance requirements in the compilation and review literature such that practitioners will be able to perform these services in compliance with SSARS 21 while applying best practices for both efficiency and effectiveness.rnDESIGNED FORrnrnPractitioners who perform compilation and review engagements for non-public entities.rnOBJECTIVErnrnParticipants will be able to:rnIdentify the performance requirements in the SSARS standards based on SSARS 21rnEffectively perform compilation and review engagements utilizing the guidance in AR Sections 60, 80, and 90 of SSARS 21rnEffectively perform preparation engagements utilizing the guidance in AR Section 70 of SSARS 21rnEfficiently document compilations and reviews following the documentation guidance in AR Sections 80 and 90 in SSARS 21rnIdentify best practices when performing compilation and review engagementsrnAddress special purpose frameworks when performing compilation and review engagementsrnMAJOR SUBJECTSrnrnSSARS Clarity Project… Preparation of financial statements… AR Sections 60, 70, 80, and 90… Compilation performance requirements… Review performance requirements… How to document and perform compilations and reviews… Special purpose frameworks financial statements – what they are and when they can be used... Legal liability concerns and issues… How to perform and document analytical procedures appropriately, including developing expectations… Independence… Non-attest services… Common issues raised in peer reviews. |
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