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COVID-19: Impact on SSARS and Other Attest Engagements Webinar

CPE

When
Feb. 8
1:30 - 3:30 p.m.

CPE Credits
2-A&A

Details

 Pricing

PICPA Member: $79 | Nonmember: $104


 More Information

Course No.
PAAHCIS2
Level
Intermediate
Prerequisites
Knowledge of AR-C Section 60, 70, 80, 90
Note
This webinar is hosted by PICPA's partner, CPA Crossings, LLC. After registering, you will receive an email from messenger@webex.com with the log-in information.

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.

Learning 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.

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


Speaker(s)

Allison M. Henry, CPA
Vice President, Professional & Technical Standards
PICPA

Allison is presently the Vice President - Professional & Technical Standards for Pennsylvania Institute of CPA’s (PICPA) where she is responsible for overseeing the administration of the AICPA’s Peer Review Program in Pennsylvania, Delaware, and the Virgin Islands. She also administers PICPA’s Joint Ethics Enforcement Program with the AICPA, and serves as the technical staff liaison to seven state-wide committees and two newly-created task forces; specifically, the Peer Review, Professional Ethics, Accounting and Auditing Procedures, Forensic and Litigation Services, Business Valuation, Not-for-Profit and Employee Benefit Plan Committees and the Healthcare Reform and Marcellus Shale Task Forces. In addition, she fields technical inquiries, writes columns for the CPA Journal and Pursuit publications, provides technical updates at PICPA chapter events, and assists in writing responses to technical exposure drafts.

Allison has been in the profession for about twenty years, including twelve years in public accounting and over eight years with PICPA. Her public accounting experience consists of several years as senior manager with a regional accounting firm and nine years at Deloitte & Touche, LLP, where she worked in their assurance and advisory services group. Her diverse client service experience includes many not-for-profit, healthcare, and world relief organizations, as well as small and large manufacturing, distribution, and other service-oriented entities. She has also served as the designated employee benefits specialist. Prior to her experience with Deloitte, she spent four years in internal accounting positions including the Department of Defense, while her husband was serving on active duty with the U.S. Army.

Allison is a graduate of Washington University in St. Louis and holds an accounting equivalency from the University of Arkansas in Little Rock. She is a member of the Pennsylvania Institute of Certified Public Accountants and the American Institute of Certified Public Accountants. She is also a member of Washington Crossing United Methodist Church, where she serves on the financial accountability team, and volunteers for the children’s ministry. She is a native of St. Louis, Mo. and is an avid runner.


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