Many components of the SSARS are changed by SSARS 21 going into effect for financial statements ending December 15, 2015 or later. This course explains the requirements for performing an engagement to prepare financial statements, specifically those parts of the SSARS literature that apply only to a preparation engagement. Upon completion, you will be able to: Identify the effective date of SSARS 21; Describe the transition from â??management use financialsâ?? under SSARS 19 to preparation engagements under SSARS 21; Provide examples when section 70 for preparation engagements does and does not apply; Describe how the guidance for preparation, compilation, and review engagements are separated in the SSARS literature; Define unconditional requirement and presumptively mandatory requirement; Define the objective of preparation engagements; Explain independence requirements in relation to a preparation engagement; Explain the requirement for a signed engagement letter; Describe the accountant'??s limited responsibility regarding the completeness or accuracy of prepared financial statements; Describe the required comment necessary on each page of the prepared financial statement; Identify the required documentation in a preparation engagement.