Generative AI and Cybersecurity: Opportunities and Threats
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Virtual
2.00 Credits
Member Price $109.00
Non-Member Price $189.00
Overview
You could pay $0 for this course!
Preparation engagements are the simplest and most flexible service that accountants perform under SSARS. Preparations allow accountants to assist clients with preparing financial statements without providing assurance or issuing a report on their work or the financial statements. This introductory course explains when a preparation engagement is appropriate, what AR-C Section 70 requires, and how to prepare clear, properly labeled financial statements. Through practical explanations and easy-to-follow examples, participants gain the foundational knowledge needed to perform preparation engagements efficiently and in compliance with professional standards.
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 to be eligible. The course code for this program is C-15396. To learn more, click here or contact Julia Ekelund at jekelund@masscpas.org.
Highlights
Purpose and scope of preparation engagements under SSARS How preparation engagements differ from compilations, reviews, and bookkeeping Required elements of the engagement letter Management’s responsibilities vs. the accountant’s responsibilities Preparing financial statements in accordance with the chosen reporting framework Required labeling of each page of the financial statements When notes may be omitted and how to disclose this Situations that fall outside a preparation engagement Documentation requirements for basic compliance
Designed For
CPAs, public accountants, and accounting staff who prepare financial statements for clients and need a foundational understanding of AR-C Section 70 preparation engagements
Objectives
Describe the purpose and fundamental requirements of a preparation engagement under AR-C Section 70. Identify the responsibilities of management and the accountant when preparing financial statements without a report. Explain required labeling, disclosure options, and when omitted disclosures are permitted. Distinguish preparation engagements from compilations, reviews, and other nonattest services.
Leader(s):
Leader Bios
Jason Carney, Surgent McCoy CPE LLC
Jason Carney, CPA, CISA, PMP, CISSP, CCSP, Esq., is a senior manager at ABS, Inc., a boutique consulting firm based in the Washington, DC metro specializing in complex accounting issues. He is also the principal for IRS Problem Free, a tax resolution service. He has more than 15 years of experience in public accounting, consulting, and industry. His specialties include technical accounting, financial statement audit, information security, and tax controversy. Jason has worked in the financial services, software, and federal finance sectors. Jason has taught more than 100 CPE courses for audiences across the country. He has been consistently well-received and specializes in adapting content for the unique needs of each audience. He believes that relevant and engaging training is essential for career development and business success. Jason is a member of the Minnesota Society of CPAs and was a President’s Scholar at the University of Saint Thomas Law School. He is a member of the Minnesota Bar and holds CPA licenses in five jurisdictions. He is Treasurer for Fort Safety, a non-profit focused on keeping families and children safe online. He wrote “What is Business Intelligence and Why Should CPAs Care?” for Footnote magazine and contributed to the upcoming publication What Every Lawyer Needs to Know About Client Trust Accounts. Jason and his CPA wife enjoy reading, spending time with their two children, and playing with their pet Giant Schnauzer, Sarge.
Non-Member Price $189.00
Member Price $109.00