Beyond the Basics of SSARS and Nonattest Services: Are You Certain You Are in Compliance?
Description
Practitioners that provide non-audit services must strike the right balance between complying with relevant professional and regulatory standards, providing value-added client service, and mitigating litigation and other practice management risks. This course contains many case studies to reinforce best practices for managing the accounting, reporting, and performance issues associated with the attest services of compilations and reviews where reports are issued, as well as the SSARS preparation of financial statements service and other nonattest engagements.
Learning Objectives
Describe practice management risks associated with non-audit services
Properly apply relevant professional standards and regulations for non-audit services to minimize litigation and peer review risk
Leverage information obtained on engagements to enhance the quality of client service
Be familiar with the numerous illustrations, examples, and exercises related to practical guidance to implement important key learning points
Major Topics
Navigating the impact of SSARSs without risking noncompliance with professional and ethical requirements
Preventing malpractice claims related to nonattest accounting services
Identifying and safeguarding independence threats when issuing attest reports
Establishing an understanding with the client regarding non-audit services
Defining the varying levels of responsibility for accountants performing non-audit services
Performing compilations and reviews effectively and efficiently, including nature and extent of documentation considerations
Practice performing analytical review procedures appropriately, including developing proper advance expectations for review engagements
Properly considering going concern, subsequent events, and other disclosure matters
Common issues related to peer reviews, including recurring reporting problems
Applying financial analysis best practices to help your clients better interpret their financial results
Provider
Business Learning Institute
Course Level
Intermediate
Professional Area of Focus
Accounting & Auditing
CPE Field of Study
Auditing
8
Who Should Attend
Anyone who performs or supervises non-audit engagements
