Published: June, 2022
In the past few years, attestation services have grown in popularity as the need for an independent party to assure topics other than financial statements has become required by laws, regulators, or service clients.
An attestation service or engagement is the process of engaging a CPA to provide assurance or attestation audits over services. These services can be used to gain assurance over the following subject matters: agreed-upon procedures, prospective financial statements, compliance, Management Discussion and Analysis (MD&A), and service organizations.
As attestation services have grown, the AICPA has had to create more formalized standards and in April 2016, released the Statement on Standards for Attestation Engagements (SSAE) 18, Attestation Standards: Clarification and Recodification. The goal of this project was to make standards clearer and easier to apply within engagements.
Attestation standards often take a back seat to audit and SSARS standards. Many practitioners don’t fully understand them and often don’t realize when they apply. The goal of attestation standards is to provide guidance, set boundaries around a growing service line, define a measure of quality, and outline the objectives that should be reached when performing attestation engagements.
In this CPE Auditing webinar, we will discuss the application of the statements of standards for attestation engagements (SSAEs) and when they apply.
Following are the major topics covered in this CPE course:
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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.
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.
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.”