SSARS Professional Issues Update

This course will cover in-depth the new “Preparation” engagement now contained in the SSARS literature. Participants will also learn the details of new accounting standards for leases, flexible financial statement format for not-for-profit organizations, and uncertainties about an entity’s ability to continue in existence.

Learning Objectives
  • Recognize the difference between a “preparation” engagement and a compilation engagement and its suggested uses
  • Distinguish between an operating versus financing lease and which new financial statement formats will be acceptable for not-for-profit organizations
  • Assess how going-concern issues affect year-end financial statement reporting

Major Topics
  • Preparation versus Compilation Engagement
  • New Lease Standard Including Balance Sheet and Income Statement Effects
  • Flexible Financial Statement Formats for Not-for-Profit Organizations

Who Should Attend

CPAs who perform compilation engagements; and Chief Financial Officers, Controllers and other senior accounting staff personnel with responsibility for leasing activities and financial statement preparation

Fields of Study


Participants in public accounting should have a general knowledge of current compilation and review professional standards. Participants in public accounting, as well as those in other industries/areas, should be familiar with current leasing standards and be involved in the preparation of financial statements for Not-for-Profit organizations.

Business Learning Institute

CPE Credits


This course is available for your group as:


Let's Roll!

To learn more or customize this course for your group, complete this form and a BLI team member will get back with you shortly.

Or, contact BLI: or
Your browser is out-of-date!

Update your browser to view this website correctly.

Update my browser now