This seminar covers the fundamentals you need to know to perform preparation, compilation, and review engagements. Learn what distinguishes a preparation, compilation, and review engagement from a traditional audit. Then, after an overview of current Statements on Standards for Accounting and Review Services, walk through the steps of these engagements and work through practice questions and case studies to increase concept comprehension and retention.
DESIGNED FOR
CPA firm attest staff, including paraprofessionals, who are new to performing compilation or review engagements. CPAs requiring a refresher on compilation or review engagements.
BENEFITS
- Identify the performance requirements associated with these engagements
- Recall the standard compilation and review reports, as well as common modifications to the accountant’s report
- Recognize the documentation requirements associated with these engagements
HIGHLIGHTS
- Preparation, compilation, and review engagement fundamentals
- Performance requirements for preparation, compilation, and review engagements, including compilation of prospective financial information and pro forma financial information
- Special purpose and other accounting frameworks
- Illustrative compilation and review reports
- Inquiry and analytical procedures
- Latest developments
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None
ADDITIONAL NOTES
- *AICPA members deduct an additional $30 from applicable price.