SSARS 21 was the most significant change in requirements related to preparing financial statements, compilations and reviews. This course will answer the most frequently asked questions related to applying SSARS 21 on attest and nonattest engagements. (Available in 2, 4 or 8 hour format)
Learning Objectives
Describe the major implementation questions related to SSARS 21
Explain the difference between bookkeeping, preparing financial statements and other nonattest services
Answer frequently asked questions related to SSARS engagements
Major Topics
Differentiating between preparation of financial statements and other nonattest services
Practical means of noting lack of assurance when preparing financial statements
Special considerations in prescribed form engagements
Engagement letters that cover multiple services
Minimum documentation in compilation engagements
Independence considerations and appropriate disclaimers
Major changes in review engagements, including engagement letters, representation letters, and review reports
