Compilation, Review, and Financial Statement Preparation Series: Engagements Overview
Author: Salvatore Collemi
| CPE Credit: |
2 hours for CPAs |
If you perform a good amount of compilations, reviews and financial statement preparation engagements as part of your attest practice, then this seminar is right for you! Our compilation, review and financial statement preparation overview training session will give you and your professional staff everything you need to perform these engagements efficiently and effectively. We will address all current regulations relevant to SSARS No. 21-23 as well as the latest best practices that will help you streamline the performance of these engagements.
Publication Date: September 2019
Designed For
CPAs and practitioners who frequently perform compilation, review and financial statement preparation engagements under the AICPA SSARS requirements.
Topics Covered
- Compilation, review and financial statement preparation engagements - introduction
- Compilation Engagements
- Review Engagements
- Financial Statement Preparation
- Common Reporting Deficiencies
- Common SSARS Reviews Deficiencies
- Common Compilation Deficiencies
- New Standards
- Resources and Tools
Learning Objectives
- Identify the appropriate performance of compilation, review, and financial statement preparation engagements
- Describe reporting requirements associated with compilation and review engagements
- Recognize and apply the appropriate requirements in providing preparation of financial statements services
- Differentiate the AR-C Sections and how they apply
- Identify obvious material misstatements during a compilation engagement
- Identify the steps in performing analytical procedures
- Identify common compilation and review deficiencies
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Auditing (2 hours)
Program Prerequisites
None
Advance Preparation
None
