Course ID: 3

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

DESIGNED FOR
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

FIELD OF STUDY
Accounting

PREREQUISITES
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.

COURSE PRODUCER
SSARS Professional Issues Update

CPE CREDITS
4.0

LEVEL
1

This course is available for your group as:

Group Live
 

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