SSARS 21 - Statements on Standards for Accounting and Review Services:Clarification and Recodification

Duration: 120 Minutes
This course is intended to highlight the new preparation service engagement allowed under SSARS, changes to compilation and review engagements, and new reporting formats for compilation and review reports.
SSARS 21
Instructor: Candace Leuck
Product ID: 501238
Objectives of the Presentation
  • Understand general requirements for SSARS engagements
  • Learn details of new financial statement preparation engagement requirements
  • Review compilation and review engagement requirements
  • Discuss the elimination of "management use only" compilations
  • Understand new formats for compilation and review reports
  • Compare and contrast preparation, compilation and review engagements
Why Should you Attend
Accountants in public practice and accountants in industry who will be engaged in compilation and review services with year ends after December 15, 2015 must attend this webinar. This discussion leads to an understanding of the recently effective SSARS 21 which supersedes SSARS 19.

Areas Covered
  • General requirements for all preparation, compilation and review engagements
  • Requirement for engagement letter
  • Requirement for understanding of the client, industry and environment
  • When SSARS 21 does and does not apply to preparation engagements
  • Attest versus non attest engagements
  • Reporting requirements
  • Disclosure requirements
Who can Benefit
  • All CPA's in public practice who provide bookkeeping services, compilation engagement services and review engagement services
  • CPA's in industry who work with the external accountants in providing bookkeeping services, compilation engagement services and review engagement services
Topic Background
SSARS 21 was issued on October 23 2014 and supersedes all existing SSARS (except AR 120). It is effective for engagements on financial statements for periods ending on or after December 15, 2015. SSARS 21 is a result of the ARCS Clarity Project and focuses on the distinction between attest and non attest engagements.
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Live Session - How it works
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  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Candace is owner of Athena Finance Group, Inc. specializing in strategic planning, distressed entity recovery, valuations, and educational programs. Athena's mission is to pursue and communicate the information clients need. This is accomplished through a cooperative working relationship. Based on solid strategy, the outcome is an expansion of the opportunities of those served.

Candace was associated with Ernst & Young in the tax and then auditing area, serving small, midsized and SEC clients during her tenure. She gained significant experience with various industries including manufacturers, automobile dealerships and securities brokers.

Upon leaving Ernst & Young, Candace pursued and obtained her Masters of Professional Accountancy from Clemson University and proceeded to her career in the educational arena, teaching at Clemson University, Furman University, and the University of North Carolina at Greensboro. She returned to Clemson in the Fall of 2006 and remained through Spring of 2012. In addition to undergraduate and graduate education, Candace has developed and taught various continuing education courses in both live format and through webcast technology.
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