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Compilation and Review Engagement Fundamentals

Author/Moderator: Kimberly G. Burke, Ph.D. and Hugh J. Parker, Ph.D., CPA
Publisher: AICPA
Availability: In Stock
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Many new CPAs are not familiar with two of the local CPA firm’s most popular engagements: compilations and review of private companies. Shorten your learning time and increase your earning time by taking this hands-on CPE course. First, you will learn what distinguishes a compilation and review from a traditional audit. Then, after an overview of current SSARS standards, you will walk through the steps of a compilation engagement followed with the same for a review engagement to increase concept comprehension and retention.

Topics Discussed:

  • Compilation and review engagement fundamentals
  • Performing and reporting on compilation and review engagements
  • Special purpose, and other compilation and review engagements
  • Sample compilation and review reports
  • Inquiry and analytical procedures
  • Latest developments, including the SSARSs Clarity Project and the issuance of SSARS No. 21, Statements on Standards for Accounting and Review Services: Clarification and Recodification

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

  • Identify the activities required to perform a basic compilation and    review of financial statements.
  • Draft the accountant’s report.
  • Document the engagement in accordance with professional standards.

Who Will Benefit?

  • CPA firm attest staff, including paraprofessionals, who are new to performing compilation or review engagements
  • CPAs requiring a refresher on compilation or review engagements

Prerequisite: None

Advanced Preparation: None

Table of Contents


Videocourse Details

NASBA Field of Study: Auditing
Level: Basic
Recommended CPE Credit: Text - 9.5; On-Demand - 7
Compilation and Review Engagement Fundamentals
Text 2014
Product# 746100
Availability: In Stock
AICPA Member:$155.00
Your Price:$193.75
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