This informative 2-hour CPE webcast is an integral part of the 'A&A Update & Beyond: The New Normal' series, specifically tailored to address the challenges accountants face since the introduction of Preparation Services in SSARS 21. The session focuses on helping accountants understand the critical aspects of compilations versus preparation services, a decision that has become increasingly important in current practice. Participants in this webcast will benefit from a detailed analysis of the key differences and similarities between these services, enabling them to confidently choose the most suitable option for their practice. The course provides a comprehensive breakdown of the requirements for both compilation engagements under SSARS 21 Section 80 and preparation services under Section 70. Furthermore, the webcast offers valuable tips to bring efficiency and effectiveness to both types of engagements. This session is essential for accountants looking to stay updated with the latest standards and practices, ensuring they are well-equipped to offer high-quality services in line with current regulations.