Compilation, Preparation and Review Basics and Peer Reviews WEBINAR

Overview

Cover the basic requirements for performing preparation, compilation, and review engagements under Statements on Standards for Accounting and Review Services (SSARS), including the new SSARS No. 25, Materiality in a Review of Financial Statements and Adverse Conclusions. Review common issues found on SSARS engagements in connection with peer reviews and the impact of various findings on the results of a peer review. Identify key issues to consider during SSARS engagements, and determine how to incorporate quality control recommendations and tips for performing high-quality SSARS engagements.

Highlights

Basic requirements included in AR-C Section 60, General Principles. AR-C Section 70, Preparation of Financial Statements. AR-C Section 80, Compilation Engagements. AR-C Section 90, Review of Financial Statements. New requirements included in SSARS No. 25, Materiality in a Review of Financial Statements and Adverse Conclusions. Common peer review findings. Practice tips for high-quality engagements.

Prerequisites

None.

Designed For

Members in public accounting.

Objectives

Recognize the foundational principles of SSARS. Identify the new requirements included in SSARS No. 25, Materiality in a Review of Financial Statements and Adverse Conclusions. Indicate processes to achieve high-quality SSARS engagements.

Preparation

None.

Notice

None.