This course offers an in-depth look at any issues that practitioners have been having in implementing clarified SSARS section 70 "Preparation of Financial Statements", clarified SSARS section 80 "Compilation Engagements" and clarified SSARS section 90 "Review of Financial Statements". This course also includes 15-20 new cases for 2019 covering all aspects of SSARS application including accounting, disclosure and reporting from the perspective of a local firm practitioner. Several new accounting standards are integrated into the new cases, including the new revenue recognition and leasing standards. It also covers the proposed "Selected Procedures" (Agreed-upon Procedures "light") standard that is scheduled to be finalized in 2018. A complete and thorough review of everything preparation, compilation and review for 2019 and beyond!
Learning Objectives
Identify key economic factors and accountant's responsibility for fraud. Recognize recent SSARSs, accounting, and reporting developments. Identify the professional standards and risk factors relevant to the performance of preparation, compilation, and review engagements, including engagements on pro forma and prospective financial information.
Major Topics
Overview of preparation, compilation, and review guidance Accounting and reporting issues Current practice issues Common deficiencies in peer reviews Current and future standard setting projects
