Learn to identify and respond to requirements for reporting and how comply with expanded professional standard responsibilities.
The Statements on Standards for Accounting and Review Services continue to expand the responsibilities of the accountant. Compliance with these evolving standards is essential for all CPAs to maintain the quality of their practice in the face of today's complex accounting environment. The challenges of keeping current with financial statement presentation and attestation reporting while continuing to provide timely client service require the CPA to maximize their learning in an efficient manner. This topic will focus on critical new requirements in the most recent pronouncements by the AICPA's Accounting and Review Services Committee in order to communicate a comprehensive understanding what is required by professional standards is fundamental to planning and conducting SSARS engagements today.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Statement on Standards for Accounting and Review Services No. 24
- New AR-C Section: Special Considerations - International Reporting Issues
- Changes in AR-C Section 60 - Adding to and Amending the Definitions of Financial Reporting Framework and Clarifying Impact on Independence of Accountant Involvement With the Design, Implementation, and Maintenance of Internal Control Systems
- Review Amendments to AR-C Section 90 Which Expand the Accountant's Responsibility to Perform Procedures for Evaluating and Disclosing the Entity's Ability to Continue as a Going Concern
Standards for Accounting and Review Services No. 25
- Primary Focus on the Significant Amendments to AR-C Section 90
- Changes to the Accountant's Responsibilities in Review Engagements Relative to Financial Statement Revisions Resulting From Material Misstatements, Subsequent Events and Going Concern Issues
- Important Changes in the Form of the Review Report, Including the Introduction of an Adverse Report and Corrections of Prior Year Material Misstatements
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Credit
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on July 23, 2020.
Call 1-866-352-9540 for further credit information.
- CA MCLE 1.5
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
James A. Smith, CPA, CGMA
Smith, Jackson, Boyer & Bovard, PLLC
- Managing director of Smith, Jackson, Boyer & Bovard, P.L.L.C.
- Responsible for financial reporting and attestation as well as entrepreneurial business tax practice
- Conducts regular seminars and workshops on numerous on accounting and review services and business taxation
- Member of AICPA, Texas Society and Dallas Chapter of CPAs; and past chair of the Texas Society of CPAs; former member of AICPA Accounting and Review Services Committee and current member of Texas Society of CPAs Professional Standards Committee
- B.B.A. degree in accounting and economics
- Can be contacted at 214-276-5001or [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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