Staff Training Semi-Senior - Level II (STSS17)
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 Export to Your Calendar 10/4/2017 to 10/5/2017
When: 10/04-05/2017
8:30 AM until 4:30 PM
Where: Homewood Suites
201 Kaliste Saloom Rd
Lafayette, Louisiana  70508
United States
Presenter: Kurt Oestriecher, CPA

Online registration is available until: 10/4/2017
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Acronym STSS17
CPE16 hours
Accounting & Auditing
Adv PrepNone
Yellow Book?No
RegistrationEarly Bird
(through 9/19)
(after 9/19)
CPA Non-Member$699$749

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.


To enable more experienced staff to complete smaller audits. reviews and compilations with minimum supervision and maximum profitability.


The objective of this session is to identify ways to maintain and improve good communication with clients and partners. Actual practice situations involving poor communication are utilized.

This session emphasizes the value and uses of analytical procedures for audit and review services and how these tests can be used to help a client run their business better as a part of a client service oriented approach. Participants will learn will learn how to correctly apply SSARS and SAS requirements to clients through several cases covering ratio analysis and analytical procedures.

Previous lessons about the financial accounting process. transaction cycles and the nature of generally accepted accounting principles are reinforced and applied to the audit of a small client. Understanding the client and its environment; assessing control risk. inherent risk and risk of fraud; linking assessed risks to resulting evidence; designating the most efficient audit approach; and making management suggestions on small jobs are all addressed in the case applications.

PERFORM REVIEW SERVICE ENGAGEMENTS In this session. participants explore both the SSARS requirements and the practical problems encountered in applying them to reviews and compilations. A major case study is used to help participants understand differences in the nature and extent of procedures necessary for completing reviews and compilations. This includes analytical procedures. working papers. and common GAAP problems. Participants will also learn how to use review service engagement forms and checklists more effectively.

Participants review and recommend changes in the format. terminology and account groupings for a set of financial statements included in a major case study. Group discussion emphasizes adherence to firm policies and utilization of professional judgment in adapting to varying circumstances. Using a reporting checklist. small groups of participants organize and outline the contents of footnotes for the financial statements in the case study. Participants evaluate an independent accountant's review report using facts contained in the case materials. They also complete an engagement reporting exercise to become familiar with the different types of reports needed under varying circumstances.

Completion of the major case in this module requires that participants identify and resolve numerous tax issues in order to determine a small business client's tax liability for the year. Other cases in the module require that participants solve problems involving unethical tax return preparation. methods of depreciating assets. and determining the appropriate form of business organization.

RECOMMENDED STAFF EXPERIENCE: One to two years and at least one tax season.
*Note the experience level is only a guideline; actual experience levels may vary.