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Compilation, Preparation, and Review Engagements Update

Author/Moderator: Kimberly G. Burke, Ph. D; Hugh Parker Ph. D, CPA
Publisher: AICPA
Availability: 09/15/2015
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This CPE course keeps you up-to-date on the latest developments and issues relevant to preparation, compilation, and review engagements. This year’s update covers Statement on Standards for Accounting and Review Services (SSARS) No. 21, Statements on Standards for Accounting and Review Services: Clarification and Recodification, quality control issues, International Financial Reporting Standards, and other areas affecting preparation, compilation, and review engagements.

Topics Discussed:

  • Overview of preparation, compilation, and review guidance
  • The SSARSs Clarity project, including the issuance of SSARS No. 21, Statements on Standards for Accounting and Review Services: Clarification and Recodification
  • Accounting and reporting issues
  • Current practice issues
  • Common deficiencies in peer reviews
  • Current and future standard setting projects

Learning Objectives:
When you complete this course, you will be able to:

  • Identify key economic factors that may impact your clients and their financial statements
  • Recall the performance requirements for performing engagments in accordance with SSARS No. 21
  • Recognize the appropriate reporting requirements and common modifications for reporting on compilation and review engagements
  • Identify current practice issues
  • Identify future projects of the Accounting and Review Services Committee

Who Will Benefit?

  • CPA firm seniors (and above) managing engagements performed in accordance with SSARS

Prerequisite: Experience with engagements performed in accordance with SSARSs

Advanced Preparation: None

This course content is also included in the staff training program, Preparation, Compilation, and Review Staff Essentials. This innovative CPE training program has been designed to provide a convenient, accessible way to get comprehensive training in this broad and changing area of practice. Learn More
NASBA Field of Study: Accounting and Auditing
Level: Update
Recommended CPE Credit: 4 (Preliminary Credit, See Details)
Compilation, Preparation, and Review Engagements Update
Text , 2015
Product# 733378
Availability: 09/15/2015
Regular:$129.00
AICPA Member:$99.00
Your Price:$129.00
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