Accounting Practitioner’s Documentation for Risk Management 2020

  • Credits: 3
  • Format: Self-Study eBook
  • Field of Study: Accounting
  • Author/Speaker: Lanford Publishing
Course ID: Advanced Preparation: Experience Level:
CM-304.S None Overview
Published Date: Program Prerequisites: Other Course Formats:
© April 2020 General Understanding of Accountancy Self-Study eBook

Risk management for accounting professionals begins with accepting engagements with clients and does not end until the date on which record retention requirements expire. Along the way, practitioners may encounter special cases in which documentation of accounting information becomes more complex.

This course will provide an overview of engagement documentation and retention for various types of engagements.

Topics include:
  • Chapter 1:  Overview of Engagement Documentation for Risk Management
  • Chapter 2:  Individual Client Engagements
  • Chapter 3:  Compilation Engagements
  • Chapter 4:  Review Engagements
  • Chapter 5:  Audit Engagements
  • Chapter 6:  Attestation and Litigation Engagements
  • Chapter 7:  Record Retention for Risk Management


Learning Objectives:

After reading the course material, you will be able to:

  • List the key points to cover in welcome letters to which clients agree before an engagement begins;
  • Recognize proper terminology about assurances and responsibilities of parties in compilation, review, and audit engagements;
  • Identify types of specialized engagement letters that offer the best defensive terms in unusual or high-risk engagements;
  • Recognize common pitfalls in the conduct of engagements with individual clients.
  • Business clients requesting compilation, review, audit, attestation, and litigation support services; and
  • Identify the types of regulatory and standards-setting bodies that impose record retention provisions for accounting.


Who Should Attend:
  • All Certified Public Accountants (CPAs)


Qualifies and Approved with all State Boards of Accountancy and the following sponsorship’s: