Effective and Efficient Compilation and Review

Author: Alan Anderson

Are you frustrated with how much time gets put into a compilation or review engagement? Do you sometimes think that if you sent a couple of confirmations you could nearly issue an audit opinion? There ARE better ways to approach compilation and review engagements. This session will push the your thinking from a “same as last year” approach to revised thinking about both process and procedure that can enhance both efficiency and effectiveness.

What does performing a compilation or review engagement mean to you? How often do you truly plan these types of engagements? Many firms rarely focus on the differences between a compilation and review engagements.

Publication Date: October 2015

Topics Covered

• What's Getting in the Way of Success
• Planning Compilation and Review Engagements
• How Much Documentation is Sufficient
• Improvements to Your Compilation and Review Workflow
• Steps Necessary to Accomplish and Change in Approach

Learning Objectives

• Recognize the effective ways plan and carryo out these engagements with the goal of completing all of the work at once.
• Recognize how to minimize or eliminate wrap up time and improve client service.

Level
Overview

Instructional Method
Self-Study

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites
None

Advance Preparation
None