Cover the basic requirements for performing preparation, compilation, and review engagements under Statements on Standards for Accounting and Review Services (SSARS), including the new SSARS No. 25, Materiality in a Review of Financial Statements and Adverse Conclusions. Review common issues found on SSARS engagements in connection with peer reviews and the impact of various findings on the results of a peer review. Identify key issues to consider during SSARS engagements, and determine how to incorporate quality control recommendations and tips for performing high-quality SSARS engagements. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event
Learning Objectives
After attending this presentation you will be able to...
- Recognize the ethical challenges created by emerging technologies such as artificial intelligence and the foundational principles included in the Code of Professional Standards.
- Recall the ethical imperative to remain competent in this new environment in order to serve in the public interest.
- Consider whether current ethics standards address all of the challenges associated with data privacy and security.
Major Topics
The major topics that will be covered in this class include:
- The foundational ethical principles CPAs are required to follow and how these principles apply to audit quality, data privacy and security, and the use of emerging technologies.
- The profession's need to change to meet its ethics standard in a technology-centric environment.
- Changes being considered by the AICPA and the National Association of State Boards of Accountancy that could impact the profession.
