Annual Update and Practice Issues for Preparation, Compilation, and Review

Overview

This course qualifies for reimbursement through the State Workforce Training Express Fund. Firms/companies with fewer than 100 staff will receive 100% of the cost of training reimbursed. You must register for this course and apply for reimbursement through the Workforce Training Express Fund website a minimum of three weeks before the start date of the course to be eligible. The course code for this program is C-3069. To learn more click here or contact Julia Ekelund at jekelund@mscpaonline.org.

An essential reference for training staff and managing your preparation, compilation, and review engagements, this course will enable you to comply with the professional standards surrounding engagements performed in accordance with Statements on Standards for Accounting and Review Services (SSARSs). Through a practice-oriented review, the latest developments and case studies are explored, fostering an engaging and informative discussion among the experienced participants. This practical approach enhances the learning experience, making the course both educational and applicable.

Highlights

• Overview of preparation, compilation, and review guidance • Accounting and reporting issues • Current practice issues • Common deficiencies in peer reviews • Current and future standard setting projects • International reporting issues in SSARS engagements • Special Purpose Framework financial statement issues • Case studies • Latest developments

Prerequisites

Experience with engagements performed in accordance with SSARSs

Designed For

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

Objectives

When you complete this course, you will be able to: • Identify the professional standards and risk factors relevant to the planning and performance of preparation, compilation, and review engagements, including engagements on pro forma and prospective financial information. • Identify responses to preparation, compilation, and review engagement practice issues that comply with all applicable professional standards.