Course

Advanced Concepts in SSARS 21 & Nonattest Services: Are You Certain You Are in Compliance?

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Event Details

Monday, November 12, 2018

8:00am – 4:00pm
(Registration: 7:30am)

Location

Fairmont Hot Springs Resort

1500 Fairmont Rd

Fairmont, MT 59711

406-797-3241

Field of Study

Auditing

CPE Credit

8 hours CPE credit

Course Code

SS21-35

Instructor

Level of Knowledge

Advanced

Vendor

Surgent McCoy CPE LLC

Prerequisites

Experience with performing non-audit services.

Description

Practitioners that provide non-audit services must strike the right balance between complying with relevant professional and regulatory standards, providing value-added client service and mitigating litigation and other practice management risks. This course contains many case studies to reinforce best practices for managing the accounting, reporting and performance issues associated with the attest services of compilations and reviews where reports are issued, as well as the SSARS 21 preparation of financial statements service and other nonattest engagements.

Highlights

  • Navigating the impact of SSARS No. 21, 22 and 23 without risking noncompliance with professional and ethical requirements
  • Preventing malpractice claims related to nonattest accounting services
  • Identifying and safeguarding independence threats when issuing attest reports
  • Establishing an understanding with the client regarding non-audit services
  • Defining the varying levels of responsibility for accountants performing non-audit services
  • Performing compilations and reviews effectively and efficiently, including nature and extent of documentation considerations
  • Practice performing analytical review procedures appropriately, including developing proper advance expectations for review engagements
  • Properly considering going concern, subsequent events and other disclosure matters
  • Common issues related to peer reviews, including recurring reporting problems
  • Applying financial analysis best practices to help your clients better interpret their financial results

Objectives

  • Describe practice management risks associated with non-audit services
  • Properly apply relevant professional standards and regulations for non-audit services to minimize litigation and peer review risk
  • Leverage information obtained on engagements to enhance the quality of client service
  • Be familiar with the numerous illustrations, examples and exercises related to practical guidance to implement important key learning points

Designed For

Anyone who performs or supervises non-audit engagements.

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