Surgent's Preparation and Compilation Engagements Under the SSARS

Overview

Be the go-to person on financial statement compilation and preparation engagements. Specifically designed for those performing preparation and compilation engagements, this course will provide you with a hands-on application for performing preparation and compilation engagements under AR-C Section 70 and 80, respectively. You will learn the ins and outs of applying SSARS No. 21, Clarification and Recodification, as well as the additional guidance related to SSARS engagements through the issuance of SSARS Nos. 22-24 and SSARS No. 26 by the ARSC. In addition to SSARS No. 26, the entire suite of quality management standards is discussed.

Most importantly, you will be provided practical examples and illustrations to help you effectively and efficiently perform those engagements, including a detailed discussion of the reporting requirements under AR-C 80 related to compilation engagement. Lastly, the course will review recent peer review feedback on these types of engagements, highlighting areas where you can improve engagement quality.

Highlights

• Relevant sections of SSARS No. 21, Clarification and Recodification
• SSARS No. 21, Clarification and Recodification, and updates to SSARS No. 21 due to the issuance of SSARS No. 23, Omnibus Statement on Standards for Accounting and Review Services
• SSARS No. 22, Compilation of Pro Forma Financial Information
• SSARS No. 24, Omnibus Statement on Standards for Accounting and Review Services – 2018
• SSARS No. 26, Quality Management for an Engagement Conducted in Accordance With Statements on Standards for Accounting and Review Services
• Proposed changes to the SSARS guidance
• Comprehensive sample engagement work programs for preparation and compilation engagements
• Prescribed form, specified line item, pro forma, and other engagement variations
• Complete illustrations of relevant engagement letters, reporting and other required communications for preparation and compilation engagements

Prerequisites

Experience in performing and managing preparation and compilation engagements

Designed For

Accounting practitioners and their staff performing and managing preparation and compilation engagement services

Objectives

• Understand and apply relevant sections of SSARS No. 21, Clarification and Recodification
• Be familiar with guidance impacting preparation and compilation engagements which is contained in SSARS Nos. 22, 23, 24, and 26
• Be familiar with preparation and compilation work program examples
• Be aware of the most recent reports and other required communications
• Keep abreast of relevant ARSC agenda items and projects
• Utilize hands-on examples and illustrations to increase your overall understanding and application of the material

Preparation

None

Notice

This on-demand webcast can be taken at any time of your choosing and is valid for one year from the date of purchase. No live instructor is present, and an exam is required to earn credit. You must score 70% or higher to earn the certificate.

How do I access my Self-Study Package?

Visit https://www.surgentcpe.com/login and enter your username (your LCPA email address) and password. If you do not remember your password, press the "Forgot?" button to receive a password reset email. Once logged in, the page will refresh to display your account menu on the left side.