2025 Preparation, Compilation, and Review

Overview

SSARS 21 significantly changed the way CPA services are being offered. There is still confusion 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

This course qualifies for reimbursement through the state’s Workforce Training Express Fund. As of April 7, 2025, the state’s Workforce Training Express Fund suspended reimbursements for training costs to Massachusetts businesses. While we don’t have a confirmed timeline for the program to resume, it will likely be sometime this summer. We will continue to monitor this closely and encourage you to visit the state’s Workforce Training website for the most current updates and guidance.

This course qualifies for reimbursement through the state’s Workforce Training Express Fund. Firms/companies with fewer than 50 staff can be reimbursed up to 100% of the cost of training and firms/companies with 50-100 employees can be reimbursed up to 50% of the cost of training. You must register for the course and apply for reimbursement through the Workforce Training Express Fund website a minimum of three weeks prior to the start of the course. The course code for this program is C-13229. To learn more, click here or contact Julia Ekelund at jekelund@masscpas.org.

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

Designed For

CPAs in public practice

Objectives

• To understand management’s responsibilities in preparing financial statements • To understand the practitioner’s responsibilities in performing SSARS services • To learn about the new Quality Management Standards • To be able to distinguish between GAAP and special purpose frameworks • To understand the need for engagement letters in distinguishing the services offered • To learn how to approach analytical procedures in a review engagement