Compilations and Review: An In-Depth Study and Practical Approach (OnDemand)

  • Credits: 4
  • Format: OnDemand® Webinar
  • Field of Study: Accounting and Auditing
  • Author/Speaker: Sheldon Clark
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Available Formats:      
Advanced Preparation: None
Experience Level: Intermediate
Program Prerequisites: General Knowledge of GAAP required financial statements
Course ID: SC-124.OD
Published Date: © August 2021

COURSE DESCRIPTION

This 4-hour webcast is designed to provide a good comprehension of the engagement for unaudited financial statements known as compilation or review.

Topics include:
  • SSARS 19 overhauls of compilations and reviews
  • SSARS 21 clarity project
  • Independence issues
  • Scope of compilation and review reporting
  • Considering fraud and going concern issues in the current economy
  • Definitions and terminology related to compilations and reviews
  • Recent updates
  • Performance contemplations
  • Is internal control significant in compilation and review engagements
  • Accountant’s responsibilities
  • Professional requirements
  • Elements of compilation or review engagements
  • Engagement letter significance
  • Documentation issues
  • Reporting issues
  • Accountant’s knowledge of client and industry
  • Various other matters

Learning Objectives:

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

  • Provide the accountant with skills for achieving confidence when engaged in a compilation or review.
  • Provide the accountant with dealing with clients for whom audits and not required.
  • Provide the accountant with an overview of SSARS.

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Practitioners who work extensively in the areas of compilations and reviews and who are in the need to know the unique requirements for handling unaudited financial statements engagements.

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