How to Perform a Review Under SSARS No. 19, Case Study Part I –
Design and Performance of Review Procedures
How to Perform a Review Under SSARS No. 19, Case Study Part I – Design and Performance of Review Procedures is the first of two courses that illustrates how to apply the guidance contained in SSARS No. 19 to perform a review engagement. This course focuses on the performance requirements of the standard. After completing this course, you will be able to:
- Gain an understanding of the client’s industry, operations, and business practices to serve as a basis for developing an awareness of the risks of misstatement.
- Design review procedures based on your awareness of the risks of misstatement.
- Perform more effective inquiries and analytical procedures.
- Document the review procedures performed and evidence gathered.
This course also includes audio and video clips, tips to help avoid common pitfalls, and numerous examples and printable practice aids.
NASBA Field of Study: Auditing
Recommended CPE credit: 2
How to Perform a Review Under SSARS No. 19, Case Study Part II –
Reporting and Other Communication Requirements
How to Perform a Review Under SSARS No. 19, Case Study Part II – Reporting and Other Communication Requirements is the second of two courses that illustrates how to apply the guidance contained in SSARS No. 19 to perform a review engagement. This course focuses on the engagement letter, the management representation letter, and the review report that accompanies the financial statements. After completing this course, you will be able to:
- Establish and document an understanding with your client by preparing a standard engagement letter.
- Tailor a management representation letter to meet the specific needs of your client.
- Prepare a review report in a variety of circumstances.
This course also includes audio and video clips, tips to help avoid common pitfalls, and numerous examples and printable practice aids.
NASBA Field of Study: Auditing
Recommended CPE credit: 2
Introduction to Compilations and Reviews
Introduction to Compilations and Reviews describes a broad framework for performing compilation and review engagements. The course includes a walk-through of the key concepts and major elements of each type of engagement and provides tips for how to apply these ideas in practice. After completing this course, you will be able to:
- Identify the key differences between an audit, a review, and a compilation.
- Analyze the key definitions needed to apply the framework in practice.
- Explain the key elements that are part of every compilation and review.
This course also includes audio and video clips, tips to help avoid common pitfalls, and numerous examples and printable practice aids.
NASBA Field of Study: Auditing
Recommended CPE credit: 1
Performing a Compilation Engagement Under SSARS 19
Performing a Compilation Engagement Under SSARS 19 will provide you with a fundamental understanding of how to perform and report on a compilation engagement. After completing this course, you will be able to:
- Use professional judgment in making a determination as to when financial statements have been “submitted” and, therefore, the SSARSs apply.
- Prepare an engagement letter for a compilation.
- Perform the procedures necessary in a compilation.
- Identify matters while performing a compilation that require further consideration.
- Prepare an appropriate compilation report.
This course also includes audio and video clips, tips to help avoid common pitfalls, and numerous examples and printable practice aids.
NASBA Field of Study: Auditing
Recommended CPE credit: 1
Performing Inquiries in a Review Engagement
When performing a review engagement, the accountant is required to perform a variety of procedures to gather review evidence. One of the principal procedures of any review engagement is inquiries of management and others at the entity. Performing Inquiries in a Review Engagement provides you with practical tips and examples for making those inquiries more effective. After completing this course, you will be able to:
- Plan your formal inquiry procedures to produce more reliable review evidence.
- Frame your questions to obtain the information needed in your review engagement.
- Apply the appropriate level of skepticism to evaluate the responses you receive to your inquiries.
This course also includes audio and video clips, tips to help avoid common pitfalls, and numerous examples and printable practice aids.
NASBA Field of Study: Auditing
Recommended CPE credit: 2
Performing Analytical Procedures in a Review Engagement
Analytical procedures are a central part of all review engagements. Using a case study, Performing Analytical Procedures in a Review Engagement provides practical tips for performing more effective analytical procedures. After completing this course, you will be able to:
- Develop expectations to be used in performing analytical procedures.
- Compare the recorded amounts to the expectations you develop.
- Perform additional procedures to investigate differences between your expectation and the recorded amount.
This course also includes audio and video clips, tips to help avoid common pitfalls, and numerous examples and printable practice aids.
NASBA Field of Study: Auditing
Recommended CPE credit: 2
