The New Focus on SSARS Preparation Engagements

Course Description
Course Qualification
Presenter
FAQ

Course Description

Statement on Standards for Accounting and Review (SSARS) No. 21 represents the efforts of the AICPA's Accounting and Review Services Committee (ARSC) to clarify and revise the existing standards for reviews, compilations, and engagements to prepare financial statements as a result of ARSC Clarity Project.

SSARS No. 21 comprises four sections:

Section 60, General Principles for Engagements Performed in accordance with Statements on Standards for Accounting and Review Services
Section 70, Preparation of Financial Statements
Section 80, Compilation Engagements
Section 90, Review of Financial Statements

SSARS 21 changed the standards for the CPAs, who are associated with non-audit client financial statements. A major change was the introduction of a new level of service and preparation engagements. This change was not immediately embraced by most CPAs in public practice, and many have not provided the service in most situations. Today more CPAs are seeing how the service benefits clients and have found the engagement to be a practical solution to avoiding some complex and risky engagements.

This Online CPE Accounting program will discuss the details of the standard and explore the opportunities for CPA firms that preparation engagements can offer. Included in the program will be a summary of all current Standards with an emphasis on SSARS 22-25.

Learning Objectives

To discuss the concepts in SSARS 21 engagements.
To explain when SSAR standards apply.
To explore the application of standards related to AR-C 70, Preparation Engagements.
To update participants on changes made in SSARS 21 – 25.
To explain the differences between preparation, compilation, and review standards.
To review the new focus on the engagement letter related to SSARS engagements.

Recommended For

This online webinar is recommended for CMA, CPA (US), CIA, IAP, QIAL, CVA, and other accounting professionals at all levels who are performing and managing compilation, preparation, and review engagement services.

Who Should Attend?

Accountant
Accounting and audit managers/practitioners
Auditors
Certified Fraud Examiner
Certified Management Accountant (CMA)
Certified Public Accountant (CPA)
Certified Valuation Analysts
Chartered Financial Analyst
CPA (Industry)
CPA - Large Firm
CPA - Mid Size Firm
CPA - Small Firm
Entrepreneurial CPA

Course Qualification

Webinar Qualifies For

2 CPD Credit of Financial Reporting for Certified Financial Forensics (CFF)
2 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
2 CPE Credit of Accounting for Certified Government Financial Manager (CGFM)
2 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
2 CPE Credit of Financial Reporting for Certified Management Accountants (CMA)
2 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
2 CPE Credit of Financial accounting for Certified Valuation Analyst (CVA)
2 PL Credit of Accounting for Chartered Financial Analyst (CFA)
2 CPE Credit of Accounting for Internal Audit Practitioner (IAP)
2 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
2 PL Credit of Accounting for Certificate In Investment Performance Measurement (CIPM)
2 CPE Credit of Financial accounting for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
2 CRE Credit of Financial accounting concepts for Certified Corporate FP&A Professional (FPAC)
2 CPD Credit of Financial Reporting for Accredited in Business Valuation (ABV)
2 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals

Additional details

Course Level :

Basic
Credits :

2
Instructional Method :

Group Internet Based
Pre-requisites :

None
Advance Preparation :

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Kenneth Heaslip

Director, Cullari Carrico, LLC

Kenneth Heaslip, MS, MBA, CPA, CGMA, licensed as a CPA in New Jersey, has extensive experience teaching all levels of accounting, auditing, and in other practice-related areas. He is an active member of the New Jersey Society of CPAs where he has served as Vice President, Trustee, Chapter President, Committee Chair and Task Force Chair. Kenn currently serves on the NJCPA Professional Conduct Committee and is a Director at Cullari Carrico LLC, a regional CPA firm in Northern New Jersey.

Kenn has been a Professor of Accounting at several universities including Seton Hall where he was the students’ choice as “Educator of the Year” two years in a row, and in the Executive MBA programs of Rutgers University and Stevens Institute. He was recently a visiting professor at Mercy College. He previously was the National Director of the Becker CPA Review in charge of all course materials and instruction.

Kenn earned his B.A. from Rutgers University and has an MS in Taxation and MBA in Finance from Seton Hall University.

About Company

Cullari Carrico, LLC

www.cullaricarrico.com

Cullari Carrico, LLC is a well-established quality certified public accounting firm. For decades, our partners have offered a fully diversified range of services and expertise to both business and individual clients.

Our firm provides complete tax, accounting, auditing, management and personal consulting services to a wide range of businesses as well as individual clients. We have concentrated knowledge in numerous areas including real estate management and construction, manufacturing and wholesale distribution, private schools for students with disabilities, medical and health care, veterinary, non profits, hospitality and various other service industries. In addition, we also provide advisory services.

We are proud to have received the highest possible ranking from the Peer Review Program of the American Institute of Certified Public Accountants. This places our firm amongst the leaders of our industry. Our dedicated professional staff are at your service to address all your business and personal tax needs.

In the September 2020 issue of Accounting Today, Cullari Carrico, LLC was named as, “2020 Best Accounting Firms to Work For.”

Faq

FAQs content

To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
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Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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