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Prix Fixe: Statements on Standards for Accounting and Review Services (SSARSs): A Risk Management Perspective WEBINAR

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1.0 Credits

Member Price $40.00

Non-Member Price $60.00

Overview

This presentation will focus on risk management and will identify specific recommendations and techniques CAMICO encourages accountants to consider to minimize their risk in financial statement engagements. Participants will gain a solid understanding of the profession’s migration from “unaudited” financial statements through the adoption of the most recent SSARSs, which dramatically altered the landscape for review engagements and made minor (but significant) changes to compilation and preparation engagements. The presentation will emphasize AR-C Section 70, “Preparation of Financial Statements,”; discuss the positive and negative attributes of the “adverse conclusion” report introduced in SSARS No. 25; and comment on recent activities of the AICPA’s Accounting and Review Services Committee. In addition, the presentation will discuss recent peer review statistics so firms can better navigate their professional responsibilities

Highlights

Techniques to minimize risk in financial statement engagements. AR-C Section 70, “Preparation of Financial Statements.” Positive and negative attributes of the “adverse conclusion” report introduced in SSARS No. 25. Recent activities of the AICPA’s Accounting and Review Services Committee.

Prerequisites

None.

Designed For

CPAs, accountants, and auditors.

Objectives

Identify specific recommendations to minimize risk in financial statement engagements. Gain a solid understanding of the profession’s migration from “unaudited” financial statements through the adoption of the most recent SSARSs.

Preparation

None.

Notice

None.

This event is part of the following bundles:

Leader(s):

Leader Bios

Duncan Will, Loss Prevention Manager & Accounting, CAMICO Mutual Insurance Co

Mr. Will leverages his more than 40 years of experience in accounting, including public accounting, forensic accounting, consulting, and audit and tax compliance, to deliver to policyholders the high-touch, high-quality CAMICO experience. He works closely with the Loss Prevention Specialists to manage the department’s efforts to deliver policyholder service. Will’s specialties are accounting and auditing and business valuation-related risk management. He advises policyholders through the CAMICO Loss Prevention Hotline, speaks to CPA groups, and writes articles on a wide range of accounting risk management and ethics topics. Topics of particular interest include complying with the AICPA’s Statements on Standards for Accounting and Review Services, doubts about an entity’s ability to continue as a going concern, cyber-security, and serving clients in the cannabis industry. Will began his accounting career in 1979 as a staff accountant in the Washington, D.C. area and spent most of his public accounting career in California and Florida. He earned a Bachelor of Science in accounting from the University of Maryland and is Accredited in Business Valuation and Certified in Financial Forensics. A Certified Fraud Examiner, Will is an active member of the Association of Certified Fraud Examiners; has supplemented his education with college courses at the University of Baltimore, Golden Gate University, and Florida Atlantic University; and welcomes opportunities to expand his knowledge over a broad spectrum of accounting-related curricula.

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Non-Member Price $60.00

Member Price $40.00