Compilation and Review Practice Guide

You Pay: $379.00
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This course is 8.00 credits
James Newhard
Facility Name
Four Points by Sheraton Norwood
Facility Address
1125 Boston Providence Tpke
PO Box 9102
Norwood, MA 02062-5001
Field of Study
Course Level
Loscalzo Institute


James Newhard

James J. Newhard, CPA, CGMA, is a discussion leader for LOSCALZO ASSOCIATES LTD. and an established CPA practitioner with 35 years of practice in public accounting. Jim spent 7½ years of public practice with a regional and national CPA firm in their A&A departments. Subsequent to that Jim established his own firm, JAMES J. NEWHARD, CPA, in December, 1986 committed to a focus on small business entrepreneurs, individuals and not-for-profit organizations, and providing a variety of tax (preparation, planning and controversy), accounting (review, compilation, and QuickBooks Pro-Advisor), business analytics and attestations, and advisory services to individuals, small-to-medium-sized businesses, not-for-profit entities, estates, and trusts. Jim is a member of the AICPA (including PCPS and Tax Section). Jim is also a long-time, very active and involved member of the PICPA, including many years of leadership in the Greater Philadelphia Chapter, including serving as Chapter President (2006-07). He was the recipient of the Volunteer Service Award (2009) and the Champion Service Award (2012). Jim serves on several PICPA statewide committees including the Committee on Practitioners, Budget and Finance, CPA Image Enhancement, Member Services, State and Local Taxation (as well as the Act 32 Task Force), Legislation, and the Accounting and Auditing Procedures Committee. Additionally, at the Philadelphia Chapter level, Jim serves on the Committee on Practitioners [committee chair], Local Taxation and Legislation Committee, Federal Tax, Member Services, the Accounting and Assurance Committee, and the Executive Committee. Additionally, Mr. Newhard serves as the editor of the Practitioner’s column for the Pennsylvania CPA Journal, has authored several columns and features, and has provided PICPA webinars on both Pennsylvania local taxation and A&A update. With a career-long focus on practitioner services and the essential client services, Jim serves as discussion leader for Loscalzo Associates in compilation and review, practitioner financial reporting and standards issues and updates, professional ethics, Special Purpose Framework Financial Reporting, Financial Reporting Framework for SMEs, FASB and AICPA Update, and workpaper considerations and issues.
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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


Basic familiarity with SSARS standards


+ $379.00

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