Date: April 1, 2024
Time: 9 – 11 a.m. PT
Practitioners need to be aware of the changes and how their practice will be affected, particularly in the area of review engagements. Even though the concept of materiality is not new, the standard provides guidance which has previously been associated only with audit engagements. SSARS 25 includes a specific requirement to determine materiality including documentation. Other new requirements are specific to inquiries to more effectively design needed review procedures, changes to language in the report letter that will include a reference to accountant independence and other ethical considerations, much like the audit’s new report letter. SSARS 25 also addresses required procedures and documentation when a qualified or adverse conclusion on reviewed financial statements is appropriate.
1000002227-126672
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CPAs and practitioners in small to medium size public accounting firms that perform compilation and review services.
Accounting
Intermediate
None
None
This course originally aired on 7/12/2023. The instructor will be available via the chat feature to answer questions during the presentation.