Preparation, Compilation & Review Services 26-27
2.00 Credits
Member Price $175
Non-Member Price $229
Overview
SSARS 21 significantly changed the way CPA services are being offered. There is still confusion about CPA responsibilities and procedures. The course will discuss differences between bookkeeping, preparation and compilation engagements and how they differ. It will also discuss financial statement frameworks and how they influence the engagement as well as analytical procedures in review engagements.
Highlights
• All recently issued SSARS standards • Financial reporting frameworks • Distinguishing special purpose frameworks from GAAP • CPAs reporting on financial statements • Financial statement disclosures • Recently issued ethics standards • Peer Review Deficiencies
Prerequisites
None.
Designed For
CPAs and other financial professionals wanting to enhance their knowledge of the topic.
Objectives
Recognize management’s responsibilities in preparing financial statements. Identify the practitioner’s responsibilities when performing SSARS services. Determine the new Quality Management Standards. Distinguish and compare GAAP and special purpose frameworks. Recognize the need for engagement letters in clearly differentiating the services offered.
Preparation
None.
Leader(s):
Leader Bios
Kenneth Heaslip, Kaplan Financial Education
Kenneth Heaslip, MS, MBA, CPA, CGMA, is a discussion leader and group practice leader in professional ethics for Loscalzo Associates Ltd. He is a frequent speaker in all areas of accounting and taxation as well as careers in accounting. He has served as vice president of the NJSCPA and Secretary of their Scholarship Fund. He is an active member of several Society committees in taxation and student affairs and is currently the chair of the State Educators Committee. A past President of the Essex Chapter of the NJSCPA, as well as Trustee of the State Society, Kenn is a Director at Leaf, Saltzman, Manganelli, Tendler, & Miele LLP in Fairfield, NJ, a regional CPA firm. Kenn is also an Associate Professor of Accounting at Bloomfield College. He previously was an Executive in Residence at Seton Hall University where he was the students’ choice as ?Educator of the Year? two years in a row. He taught in the Executive MBA program at Rutgers University and has been with Becker CPA Review since 1983. Until 1998, Kenn was the National Director of the Becker CPA Review Course, where he was responsible to oversee and train over 350 instructors as well as be the lead editor of the course materials. Kenn lectured extensively throughout the United States, as well as in Canada and Asia.
Non-Member Price $229
Member Price $175