FMN Accounting

FMN - 2021/January, Seg 3 - SSARS No. 25 - What You Need to Know

In February 2020, the American Institute of Certified Public Accountants (AICPA) Accounting and Review Services Committee (ARSC) issued Statement on Standards for Accounting and Review Services (SSARS) No. 25, Materiality in a Review of Financial Statements and Adverse Conclusions. SSARS No. 25 is the culmination of their goal of converging with international standards for review engagements (ISRE) 2400. With us today is Michael Glynn, CPA, CGMA, senior manager, Audit and Attest Standards and staff liaison for ARSC. He provides an overview of the new standard and why business executives should consider early implementation.

Learning Objectives:

  • Understand the purpose of SSARS No. 25 and reasons why companies should consider early implementation;
  • Identify main differences under SSARS No. 25;
  • Define limited assurance; and
  • Recognize the changes under AR-C section 90 impacting going concern considerations.

Prerequisites/Advanced Preparation:

Work experience in financial reporting or accounting, or an introductory course in accounting.

Speaker / Author:

Michael Glynn, Technical Manager - AICPA Audit & Attest Standards Team
AICPA Audit & Attest Standards Team


Price (USD)

Standard: $69.90


Course Code : FMN1382-FM

Release Date : 12/31/2020
Expire Date : 08/14/2022
Credits :
CPE 2.00
QAS 2.00

Length : 1hr 40min
Course Level : Update
Course Type : QAS Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting

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