CPE Webinars

SSARS 25—What You Need to Know (January 27, 2021, 12:00 - 2:00 PM CST)

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.

Designed For...

CPAs and practitioners in small to medium size public accounting firms that perform compilation and review services.

Learning Objectives:

Participants will be able to:

  • Identify the changes in required procedures and documentation on a review engagement
  • Understand that all levels of service will now consider concepts such as materiality which have been previously assumed to be only related to audits
  • Review illustrations and examples of the changes in the accountant’s report letter
  • Understand the facts and circumstances when an adverse conclusion is required on a review engagement

Speaker / Author:

John M. Fleming, CPA, MBA, licensed as a CPA in Pennsylvania, has served as the President and Director of Accounting and Auditing for Kaplan Financial Education, powered by Loscalzo Institute and also as the Director of Content Development for Kaplan Financial Education, powered by SmartPros. John retired from Kaplan in October of 2017. In retirement, John continues to provide seminars as a discussion leader for Kaplan Financial Education on a part-time basis.

John's prior practice experience includes audit, tax, consulting, office management, and human resource responsibilities with Deloitte LLP, Richard Eisner & Company LLP, and Ernst & Young LLP. John is a graduate of LaSalle and Drexel Universities with degrees in accounting and finance.

John, a Pennsylvania CPA, served as the 1999/2000 President of the 8,300 member Greater Philadelphia Chapter of the Pennsylvania Institute of Certified Public Accountants (PICPA). In 2006, the PICPA recognized John as a Joseph E. Sterrett Fellow for his contributions to the accounting profession and in 2007, the Philadelphia Chapter recognized John with their Champion Award for his contributions to the PICPA, Chapter, profession and community. John has also served as the 2002/2003 President of the American Accounting Association's Mid-Atlantic Region.

Software & Hardware Requirements:

  • 56k or Greater Internet Connection

Price (USD)

Standard: $60.00


Course Code : ACE-19068_LZ

Course Level : Intermediate
Course Type : Group Internet-Based
Format Type : Webinar
Field Of Study : Accounting

Event Date : 01/27/2021 12:00 PM

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