Attestation Update – A&A for CPAs

Technical stuff for CPAs providing attestation services

AICPA Webcast on SSARS 21 implementation

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An upcoming webcast will address SSARS No. 21 Implementation Strategies.

The two-hour class will be offered by the AICPA multiple times this fall. Check your schedule for

  • September 15
  • October 20

As mentioned in the AICPA’s promo piece linked above, here are just a few of the topics that will be discussed:

  • The challenges in implementing SSARS No. 21 for calendar-year-end 2015 engagements — and how that impacts the performance of interim engagements in 2015
  • When Section 70 on preparation of financial statements applies — and when it does not
  • The importance of establishing an understanding with the client as to the terms of the engagement and engagement letter best practices
  • Best practices with respect to the legend to be included on each page of the financial statements the accountant prepared
  • Financial statement presentation when financial statements the accountant prepared omit substantially all disclosures, include a known departure from the applicable financial reporting framework, or are prepared in accordance with a special purpose framework (e.g., OCBOA)
  • Primary differences between an engagement to prepare financial statements and the compilation of financial statements

Written by Jim Ulvog

August 17, 2015, 8:08 am at 8:08 am

Posted in Compilations & reviews

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