COVID-19: Impact on SSARS and Other Attest Engagements

Description

This webinar is one in a series providing cutting edge insight on the impact of the COVID-19 pandemic on SSARS engagements. Allison Henry, CPA, CGMA, PICPA's Vice President of Professional and Technical Standards, will take participants through the key standards and considerations related to conducting preparations, compilations and reviews, and the impact of COVID-19 and Peer Review issues specific to SSARS engagements.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

The major topics that will be covered in this class include:

• Issues and disruptions from the impact of COVID-19 such as financial reporting framework, documentation and understanding of an engagement, non-attest services, performance requirements on review engagements, compilation and preparation engagements and reporting issues
  
• Common findings identified in connection with Peer Reviews on SSARS engagements

Objectives

After attending this presentation you will be able to...

• Determine the appropriateness of the financial reporting framework
• Complete proper documentation to support adequate consideration of written communication with management relating to engagement letters and non-attest services
• Identify the impacts on financial statement presentation and disclosures
• Determine and recognize the COVID-19 risk areas including account receivable and collectability, ASC 606, insurance recoveries, valuation, change in accounting estimates, debt, lease modifications, income taxes, going concern, subsequent events, etc.
• Apply effective analytical review procedures
• Identify performance requirements on review, compilation and preparation engagements
• Identify reporting issues on review and compilation engagements.

Designed For

CPAs in public practice and members in industry