Webcast: Preparation and Compilation Engagements under the SSARS (XSCOM4320)
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Be the go-to person on compilation and financial statement preparation engagements. Specifically designed for preparation and compilation practitioners and their staff, this course will provide you with a hands-on application for performing preparation and compilation engagements. You will learn the ins and outs of relevant sections of SSARS No. 21, Clarification and Recodification, the most significant change to the SSARS since their inception over thirty years ago.

8/14/2020
When: August 14, 2020
8:00 AM until 11:30 AM
Where: Webcast
Surgent
PCE4-2020-01-WEBNR-227-01
United States
Presenter: Richard Daisley, CPA
Contact: Preparation and Compilation Engagements under the SSARS
XSCOM4320


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Acronym XSCOM4320
CPE 4 hours
Vendor Surgent
Category
Accounting & Auditing
Level Basic
Yellow Book? No
Registration Fees
Members* $139
CPA Non-Members $189

*The member rate applies to LCPA members, other state CPA society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Texas CPAs: Our Texas State Board of Public Accountancy Sponsor number is #010423.

Note: Online registration for webcasts closes approximately 48 hours before the course start time. To register within that timeframe, give us a call at 800.288.5272.

Course Description

Be the go-to person on compilation and financial statement preparation engagements. Specifically designed for preparation and compilation practitioners and their staff, this course will provide you with a hands-on application for performing preparation and compilation engagements. You will learn the ins and outs of relevant sections of SSARS No. 21, Clarification and Recodification, the most significant change to the SSARS since their inception over thirty years ago. This course will bring you up to date on SSARSs requirements and guidance as it relates to preparation and compilation engagements. More importantly, it will provide you with practical examples and illustrations to help you effectively and efficiently perform those engagements. Plus, the course will cover new guidance relevant to compilation and preparation engagements which was introduced by SSARS No. 22, Compilation of Pro Forma Financial Information, SSARS No. 23, Omnibus Statement on Standards for Accounting and Review Services – 2016 and SSARS No. 24, Omnibus Statement on Standards for Accounting and Review Services - 2018 and recent proposed changes to the SSARS guidance in order to conform with relevant international standards.

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 and 24
  • 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

Major Topics

  • Relevant sections of SSARS No. 21, Clarification and Recodification
  • Updates to SSARS No. 21 guidance due to issuance of SSARS Nos. 22, 23 and 24
  • 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
  • SSARS No. 21 implementation issues and peer review feedback

Designed For: Accounting practitioners and their staff performing and managing preparation and compilation engagement services

Prerequisite: Experience in performing and managing preparation and compilation engagements

Note: Login instructions will be provided by the webcast vendor (Surgent).