Compilation, Review, and Preparation: Introduction

Authored by James L. Ulvog, CPA
About this Course
Many components of the SSARS are changed when SSARS 21 goes into effect for financial statements ending on or after December 15, 2015. This course provides the basics of the SSARS literature that applies to all three types of services: preparation of financial statements, compilations and reviews. Upon completion, the user will be able to: Describe how the guidance for preparation, compilation, and review engagements are separated in the SSARS literature; Describe the effective date of SSARS 21; Identify the sources of applicable financial reporting frameworks; Provide a general description of the new preparation service; List the objectives for a preparation, compilation, and review engagement; Define unconditional requirement and presumptively mandatory requirement; Describe the different professional obligations when the SSARS literature identifies an item using unconditional requirement language, presumptively mandatory language, or the phrase "should consider"; List guidance that was included in SSARS 19 but dropped from SSARS 21; Describe those elements of a quality control system that are specifically mentioned in the SSARS literature.
$ 30.00
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NASBA Field of Study
CPE Credits
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