Preparation, Compilation, and Review Engagements Update and Review

Overview

If you supervise preparation, compilation, and review engagements, this course will help you comply with the professional standards by informing you of the latest developments and issues relevant to these engagements. Learn about the U.S. business economy, peer review, FASB updates, and other areas affecting preparation, compilation, and review engagements.

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

Prerequisites

Experience with engagements performed in accordance with SSARS

Designed For

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

Objectives

When you complete this course you will be able to: • Identify key economic factors and accountant’s responsibility for fraud. • Recognize recent SSARSs, accounting, and reporting developments. • Identify the professional standards and risk factors relevant to the performance of preparation, compilation, and review engagements, including engagements on pro forma and prospective financial information.

Preparation

None