CPE: 8 hours
Advanced prep: None
Who should attend: CPA firm attest staff, including paraprofessionals, who are new to performing compilation or review
Yellow Book: No
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 attending this hands-on 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.
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.
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 SSARS Clarity Project