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| Author : | Kelen Camehl, CPA, MBA |
| Status : | Production |
| CPE Credits : | 1.5 |
| IRS Credits : | 0 |
| Price : | $13.45 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - Technical - NASBA Registry |
| Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 816 |
| Description : |
While the user of this course will develop a strong foundation for the key principles and requirements of SSARS No. 21, the user should read the full text of the standard available at the AICPA store at www.cpa2biz.com. |
| Usage Rank : | 0 |
| Release : | 2015 |
| Version : | 1.0 |
| Prerequisites : | None |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed |
| Additional Links : |
Statements on Standards for Accounting and Review Services
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| Advance Preparation : | None |
| Delivery Method : | Self-Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE) |
| Revision Date : | 20-Jun-2015 |
| NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
| Approved Audience : | NASBA QAS - Text - Technical - NASBA Registry - 816 |
| Keywords : | Accounting, Overview, Statements, Standards, Accounting, Review, Services, SSARS, No., 21, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives
• Identify specific reporting requirements with respect to preparation engagements. • Identify reporting requirements regarding compilation engagements. • Recognize the reporting requirements when an accountant modifies the standard review report. • Recognize the appropriate period of time an accountant should consider the going concern of an entity. • Recognize the specific assertions that should be included in an entity’s management representation letter. • Identify specific components required to be included in an accountant’s review report. |
| Course Contents : | Chapter 1 - An Overview of Statements on Standards for Accounting and Review Services (SSARS) No. 21 Course Objectives Introduction SSARS No. 21 Overview Section 60 – General Principles Financial Statements Ethical Requirements Professional Judgment Conduct of the Engagement in Accordance With SSARS Engagement Level Quality Control Acceptance and Continuance of Client Relationships and Engagements Review Question #1 Section 70 – Preparation of Financial Statements The Preparation Engagement Engagement Letter Preparing the Financial Statements Documentation Review Question #2 Section 80 – Compilation Engagements Independence Acceptance and Continuance Engagement Letter The Entity’s Financial Reporting Framework Compilation Procedures The Accountant’s Compilation Report Reporting on Supplementary Information Documentation Review Question #3 Section 90 – Review of Financial Statements Independence Acceptance and Continuance Engagement Letter Understanding of the Industry and Entity Analytical Procedures Inquiries of Management Evaluation of the Evidence from Procedures Performed Management Representations The Accountant’s Review Report Emphasis-of-Matter and Other-Matter Paragraphs Departures from the Financial Reporting Framework Restrictions on the Accountant’s Report Entity’s Ability to Continue as a Going Concern Subsequent Events Supplementary Information Change from an Audit to Review Review Documentation Review Question #4 Review Question #5 Glossary of Key Terms |
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