SSARS Practice Issues and Standards Update 2024

Overview

SSARS #21 codified and clarified all previous SSARS standards and was effective for financial statements ending on or after December 15, 2015. It revised existing standards, upgraded service requirements, and introduced a new level of service - the “Preparation Engagement.” SSARS #21 requires numerous practice issues for the various service levels, including confirming the services to be provided to the client, attest vs. non-attest services, required procedures to be performed and documentation of them, and reporting requirements for each level of service. SSARS #21 also addresses specific issues overlooked in the original standard. Updates to SAS #21 are also provided and discussed.

Highlights

• Review of applicable SSARS standards, including standards updates
• Review of AICPA professional ethics requirements
• In-depth discussion of non-attest services
• Review of independence issues for SSARS services
• Overview of SSARS #21-performance, documentation and other requirements
• Detailed analysis of preparation vs. compilation engagements
• Detailed analysis of review engagements

Prerequisites

None

Designed For

CPAs currently providing preparation, compilation and review services.

Objectives

• Recognize relevant features of each level of service under the SSARS standards
• Determine which practice issues have the most significant impact on practitioners providing services under the SSARS standards, including maintaining independence when providing various non-attest services
• Identify best practices for providing both attest and non-attest services

Preparation

None

Notice

This course is offered by a 3rd party vendor. Login instructions will not be accessible in the My CPE Tracker section of the ISCPA website. Login instructions will be emailed directly to you by California Education Foundation (CalCPA).