Compilation and Review Practice Guide

The start date for this course has passed. Registration is no longer available.

This course is 8.00 credits
Facility Name
Four Points by Sheraton Norwood
Facility Address
1125 Boston Providence Tpke
PO Box 9102
Norwood, MA 02062-5001
Field of Study
Auditing
Course Level
Intermediate
Vendor
Kaplan Financial Education Loscalzo Institute

Registration Fees

MSCPA-AICPA Member
$279.00
MSCPA Member
$279.00
AICPA Member
$379.00
Non-Member
$379.00
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Wednesday, Dec 11, 2019
8:45am – 4:30pm

Compilation and review issues have dominated the profession during the past few years, and the codification of SSARS 21 in AR-C Sections 60, 70, 80, and 90, as well as the changes made in SSARS 22, 23 and 24. This program addresses these changes and current performance requirements in the compilation and review literature such that practitioners will be able to perform these services in compliance with SSARS, while applying best practices for both efficiency and effectiveness.

Designed For

Practitioners who perform compilation and review engagements for non-public entities.

Course Objectives

Participants will be able to:  Identify the performance requirements in the SSARS standards based on SSARS 21, 22, 23 and 24  Effectively review engagements utilizing the guidance in AR-C Sections 60, 80, and 90  Effectively perform preparation engagements utilizing the guidance in AR-C Section 70 of SSARS 21  Efficiently document compilations and reviews following the documentation guidance in AR-C Sections 80 and 90 in SSARS 21, 22, 23 and 24  Identify best practices when performing compilation and review engagements  Address special purpose frameworks when performing compilation and review engagements

Major Subjects

MAJOR SUBJECTS  SSARS Clarity Project  Preparation of financial statements  AR-C Sections 60, 70, 80, 90, and 120  Compilation performance requirements  Review performance requirements  How to document and perform compilations and reviews  Special purpose frameworks financial statements- what they are and when they can be used  Legal liability concerns and issues  How to perform and document analytical procedures appropriately, including developing expectations  Independence and the AICPA Code of Professional Conduct  Non-attest services  Common issues raised in peer reviews

Prerequisites

Basic familiarity with SSARS standards

The start date for this course has passed. Registration is no longer available.