August 26, 2022 8:00am – 10:00am Map & Directions 602-252-4144

Webcast: SSARS 25-What You Need to Know

Description

Practitioners need to be aware of the changes and how their practice will be affected, particularly in the area of review engagements. Even though the concept of materiality is not new, the standard provides guidance which has previously been associated only with audit engagements. SSARS 25 includes a specific requirement to determine materiality including documentation. Other new requirements are specific to inquiries to more effectively design needed review procedures, changes to language in the report letter that will include a reference to accountant independence and other ethical considerations, much like the audit's new report letter. SSARS 25 also addresses required procedures and documentation when a qualified or adverse conclusion on reviewed financial statements is appropriate.

Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time

7:30am

Fees

Member:
$75
Non-CPA Staff:
$101
Non-CPA Staff (100% club):
$75
Non-CPA Staff (sole proprietor):
$75
Non-Member:
$101
Webcast
Accounting & Auditing
2

Objectives

Participants will be able to:

  • Identify the changes in required procedures and documentation on a review engagement
  • Understand that all levels of service will now consider concepts such as materiality which have been previously assumed to be only related to audits
  • Review illustrations and examples of the changes in the accountant's report letter
  • Understand the facts and circumstances when an adverse conclusion is required on a review engagement

Course Level

Intermediate

Vendor

CalCPA Education Foundation More With This Vendor

Designed For

CPAs and practitioners in small to medium size public accounting firms that perform compilation and review services.

Prerequisites

None

Highlights

  • Definition changes including special purpose framework
  • Materiality concept for reviews
  • Procedures and documentation required for an adverse conclusion for a review
  • Examples of accountant's report letters

Notes

None

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