SSARS 27 - Alternative Preparations 26-27

Overview

Recently issued SSARS 27, Applicability of AR-C Section 70 to Financial Statements Prepared as Part of a Consulting Services Engagement, will significantly change the way public accounting firms assist in the preparation of financial statements. This program will discuss the practical implications of the standard, how it can affect the need to adhere to SSARS standards,  peer review applicability, and how CPAs can help businesses using the Consulting Standards instead of SSARS.

Highlights

• General requirements for SSARS engagements
• Unique opportunities for preparation engagements
• New opportunities created with SSARS 27
• The AICPA Consulting Standards
• The relevance of Peer Review on SSARS and Consulting engagements

Prerequisites

None.

Designed For

CPAs in public practice.

Objectives

• Recognize the new standards.
• Identify how CPAs can structure previous SSARS engagements as consulting services.
• Determine how financial statement preparation may no longer be subject to peer reviews.

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).