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SSARS Engagements: Doing Them Right & Doing Them Well Webinar


Aug. 16
11:30 a.m. - 3:00 p.m.

CPE Credits



PICPA Member: $129 | Nonmember: $179

 More Information

Course No.
Familiarity with SSARS and the performance of SSARS engagements.


  • Understand updates to standards related to unaudited financial information of nonpublic clients, including the Code of Professional Conduct, the Quality Control Standards, and SSARS
  • To be able to determine the type of engagement most appropriate for various circumstances and which standards apply
  • Improve the effectiveness of engagements by changing the relationship with clients and providing value added services
  • Develop approaches for making engagements involving unaudited financial information more efficient and for improving documentation


When a CPA is associated with the unaudited financial statements of a client, there is always a risk that the CPA will be held liable for losses associated with misstatements. This is even true when the service provided is an attest and assurance engagement, such as a review, when it is a nonattest and nonassurance engagement, such as a preparation engagement performed in accordance with AR-C Section 70 of SSARS; or a bookkeeping engagement that is subject to the ethical standards of the profession, but for which there are no authoritative standards, such as a bookkeeping engagement resulting in the preparation of financial reports.

The source of that liability may be from a debtor or creditor who incurred a loss; a customer or supplier that is unable to be made “whole” in a transaction with the client; an ex-employee who may have lost a job or been denied a salary increase; or even the client who has incurred a loss due to fraud perpetrated during the period to which the financial statements apply, when the loss was detected by the employer rather than the CPA.

One defense that can be asserted is that the CPA complied with standards. Unfortunately, that defense is one that could hurt us as much as help us. First, if there is any departure from standards, a good expert witness on the plaintiff’s side is likely to find it and will make it appear material even if it is not. In most cases, the firm would likely not be in a defensible position.

If the determination that the requirement was not material to the engagement is not indicated in the engagement documentation, it will usually be assumed that it was not considered, which would be a departure.

If it is documented, the CPA’s judgment will often be brought into question.
Keeping in mind that our standards do not apply to individuals outside the profession, a judge, juror, arbiter, or other decision-maker in such an action, is usually only going to be familiar with standards that are brought up in trial and they may not understand them. That same decision-maker may believe that we should do more than that which is required by standards and may not agree with our assessment of the level of responsibility taken.

Today’s practitioners are also faced with Peer Review, requiring them to be certain to be able to demonstrate that they have complied with all requirements of standards and that all reports issued are appropriate for the circumstances to which they apply. Most firms rely on checklists to assure that they comply. These checklists, however, add an administrative burden and a significant cost to engagements.

This course will provide an update, covering changes in standards relevant to unaudited financial statement engagements, including the Code of Professional Conduct, the Quality Control Standards, and Statements on Standards for Accounting and Review Services. It will provide approaches that will reduce the reliance on checklists without sacrificing compliance and improve the efficiency of many engagements. It will also suggest alternatives for structuring engagements, preparing documentation, and defining your relationship with your clients.

Formerly titled: The Newest Thing in Compilation & Review: Practical Approaches to Performing Efficient and Effective Engagements

Materials are provided as an ebook.


Mark Dauberman taught his first university accounting class in 1969 and has been involved in accounting education since having taught at CSUN, CSULA, UCLA, and Loyola Marymount University. He obtained his bachelors degree in accounting from California State University at Northridge (CSUN) in June of 1970. In 2010, he completed the Executive MBA program at the Peter Drucker and Masatoshi Ito School of Management at Claremont Graduate University, where he had been a student of Dr Drucker in 1971. Mark's public accounting experience includes working with various local firms throughout high school and college, and employment with Kenneth Leventhal & Company. More recently he was a partner at NSBN, a Beverly Hills CPA and business consulting firm. Mark's industry experience includes serving as assistant controller of a large trucking and warehousing firm. He has been both a controller and the Vice President of Finance and Administration for major real estate development companies. Mark also spent nearly 30 years as an entrepreneur, operating a business that prepared individuals for the CPA exam Mark currently provides CPE and technical staff training for CPA firms, private industry employers of accountants, and government organizations on topics that include applying the risk assessment standards, fraud, internal and external auditing, developing internal controls, strategic planning, and practice management. In addition to numerous CPE courses and articles, Mark authors the CCH publication Knowledge-Based Compilations & Reviews. He also provides consulting services to CPA firms, providing assistance on matters involving strategic planning; partner compensation issues; client management; and the planning, performance, and review of financial statement services.

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