CPAR Auditing Practice

CPAR - 2020/January, Seg.03 - SSARS 24 Revisions & 2019 Updates

Course Overview
When it comes to GAAP financial statements, an independent external audit often seems like an unavoidable reality for financial professionals and their enterprises. FASB is trying to simplify GAAP and financial disclosures, while the AICPA argues that adding audit requirements improves the quality of the audit. For many companies, an audit is inevitable and is considered a necessary part of their business, but for others, it is not, and for such businesses, a review becomes an appealing alternative. Mich'l Glynn, CPA, CGMA, who serves as the staff liaison for the Accounting and Review Services Committee gives us an overview of the AICPA’s recent guidance for reviews, compilations and preparation engagements.



Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Identify what an independent accountant’s review report should include and understand the objective of a review engagement;
  • Recognize the importance of the SSARS No. 24 proposed changes and the changes in the going concern consideration;
  • Identify the AT-C Section 215 Agreed-Upon Procedure Standard revisions; and
  • Recognize the difference between preparation and compilation engagements.


Prerequisites/Advanced Preparation:

Work experience in financial reporting or auditing, or an introductory course in audting.

Speaker / Author:

SmartPros Ltd. is a leader in online and offline continuing education for accounting, finance and engineering professionals. With over 2,000 hours of content, SmartPros has been providing mandatory continuing education products since 1981. SmartPros provides services and content to its professional and corporate clients, in a variety of media including Web, CD-ROM, and video. In the accounting market, SmartPros also has a predominant news and information portal which receives 200,000+ visits per month and provides services to over 100,000 subscribers. SmartPros' customers include 50% of the Fortune 500, as well as the major firms and associations in each of its professional markets.

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Price (USD)

Standard: $69.90

Details

Course Code : CPAR1437-FM

Release Date : 01/29/2020
Expire Date : 03/12/2021
Credits :
CPE 2.00
QAS 2.00

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


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