Professional Course

General Principles for Engagement Performed in Accordance With SSARS

1 day
1 day
This provider usually responds within 48 hours 👍

Course description

General Principles for Engagement Performed in Accordance With SSARS

Understand the requirements and principles related to SSARS engagements and avoid common pitfalls.

In addition to introducing the preparation engagement and re-writing SSARS to codify and clarify the standards, SSARS 21 instituted many changes that affect the way practitioners evaluate, perform, and document engagements. Services that were previously considered part of a SSARS engagement have been separated and, unless new requirements are complied with, may impair the accountant’s independence and increase potential engagement-related liability.

This topic will provide an overview of the general requirements and principles related to SSARS engagements with an emphasis on common pitfalls and means of avoiding them. It will assist the practitioner in determining which engagement, bookkeeping, preparation, or compilation, is most appropriate under different circumstances and will provide practical tips on how to save time in performing SSARS engagements and developing systems that will prove useful for current and future engagements.

Do you work at this company and want to update this page?

Is there out-of-date information about your company or courses published here? Fill out this form to get in touch with us.

Who should attend?

This live webinar is designed for accountants

  • CPAs
  • controllers
  • CFOs
  • tax managers
  • tax preparers
  • finance directors
  • accounts payable professionals
  • bookkeepers.

Training content

Overview of Recent Pronouncements

  • SSARS 21 – Statement on Standards for Accounting and Review Services: Clarification and Recodification
  • SSARS 22 – Compilation of Pro Forma Financial Information
  • SSARS 23 – Omnibus Statement on Standards for Accounting and Review Services – 2016
  • SSARS 24 – Omnibus Statement on Standards for Accounting and Review Services – 2018
  • SSARS 25 – Materiality in a Review of Financial Statements and Adverse Conclusions

Understanding Engagements Related to Unaudited Financial Statements

  • Choosing the Appropriate Engagement
  • SSARS Preparation Engagements Versus Bookkeeping Engagements
  • Compilation and Review Engagements

General Performance Principles

  • Interpreting the Requirements of Standards
  • Requirements Related to Acceptance
  • Requirements Related to Performance
  • Requirements Related to Reporting
  • Requirements Related to Documentation

Significant Issues Affecting Liability

  • Engagements Involving Preparation and Compilation or Review
  • Bookkeeping Adjustments Versus Findings
  • Changes to Independence Requirements

Improving Efficiency and Effectiveness of SSARS Engagements

  • Preparing Financial Statements and Disclosures
  • Opportunities to Improve Efficiency by Eliminating Duplicative Procedures
  • Applying Alternatives to Checklists to Improve Efficiency and Effectiveness of Engagements
  • Using SSARS Engagements as Practice Builders

Certification / Credits

Learning Objectives

  • You will be able to review recent pronouncements.
  • You will be able to discuss engagements related to unaudited financial statements.
  • You will be able to define general performance principles.
  • You will be able to describe how to improve efficiency and effectiveness of SSARS engagements.

Contact this provider

Contact course provider

Before we redirect you to this supplier's website, do you mind filling out this form so that we can stay in touch? You can unsubscribe at any time.
If you want us to recommend other suitable courses, please fill out all fields below and check the box beside "Please recommend similar options"
Country *

reCAPTCHA logo This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Lorman Education Services
Lorman Education Services
2510 Alpine Road
54702 Eau Claire Wisconsin

Lorman Education Services - Live and On-Demand Courses

Lorman Education Services is a leading provider of online professional development and corporate training for organizations and individual professionals. For more than 30 years, Lorman has delivered relevant, high-quality, professional-level courses that cover a broad range of business and technical...

Read more and show all training delivered by this supplier