SSARS 25 and Beyond Updated Rules for Reviews & Compilations​

CPE Credit: 2 hours

In February 2020 the Statement on Standards for Accounting and Review Services (SSARS) NO. 25 Materiality in a Review of Financial Statements and Adverse Conclusions was issued. SSARS No. 26 was passed and clarified some positions in the standards including the preparation of financial statements, compilation engagements, review engagements, engagement letters, documentation, independence, ethical considerations and reports and disclosures. This course reviews the new standards for compilations and reviews of financial statements for nonpublic companies and businesses as well as the new standards for preparing financial statements. This includes a discussion on materiality, going concern issues, and adverse conditions. We will discuss the application of the new standards. 

Topics Covered:
• Determining materiality
• Determining going concern issues
• Reporting adverse conditions
• SSARS 25
• SSARS 26

Learning Objectives:
• Identify the new requirements in SSARS 25
• Identify the new requirements in SSARS 26

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