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Tuesday, June 9, 2015 Live

Engagement Essentials: Preparation, Compilation, and Review of Financial Statements (E1506251)

8:30 AM - 4:30 PM EDT

Registration: 8:00 AM EDT

NJCPA Education Center

425 Eagle Rock Avenue,
Roseland , NJ 07068

8 CPE Credits in AA

OVERVIEW

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.

INSTRUCTOR

Daryl Krause

Daryl G. Krause, CPA

AICPA/Professional Development Institute

Daryl G. Krause, CPA DG Krause LLC / Indianapolis, Indiana

Mr. Krause has CPA certifications in several Midwestern states. He practices public accounting as manager and CEO of his regional CPA firm, DG Krause LLC, headquartered in Indianapolis, Indiana. Founded by Daryl in 2005, DG Krause LLC has been a member of the AICPA’s Employee Benefit Plan Audit Quality Center since 2005 and performs employee benefit plan audit services, for which Daryl serves as the sign-off partner. Since 2008, Daryl has been a frequent CPE program leader/facilitator for the AICPA, Surgent, the Ohio Society of CPAs, the Indiana CPA Society, and other state societies throughout the United States, as well as for in-house programs sponsored by firms and organizations. He was recognized as a Surgent Outstanding Discussion Leader during the 2020 and 2018 CPE seasons. He has performed technical reviews during the development of certain AICPA CPE programs. He has been periodically chosen to instruct CPE programs for the AICPA’s own professional staff. He has been the author (and webcast presenter for the 8-hour program) of the AICPA’s primary 8- and 4-hour CPE programs Leases: Mastering the New FASB Requirements and The Bottom Line on the New Lease Accounting Requirements for each year since 2018. He is the author and webcast presenter of the AICPA’s Conducting a Remote Audit 4-hour CPE program. He is a contributing author to the AICPA’s CPE Direct Journal of Accountancy quarterly materials. Previously he enjoyed 23 years of diversified responsibilities with Ernst & Young. Industries he served as an auditor included manufacturing, construction, real estate, and financial services. Roles included Ohio Valley Area Director of Employee Benefit Plan Services (in which he was responsible for overseeing the audit services provided to over 500 ERISA employee benefit plans each year for an eight-year period) and senior manager in the Entrepreneurial Services group. As a senior manager in EY’s National Professional Development group for a five-year period, he was involved in designing, developing, and delivering core curriculum Audit and Entrepreneurial Services CPE training programs for the entire U.S. practice. Mr. Krause holds a Bachelor of Business Administration degree in accounting from the University of Wisconsin-Oshkosh.

PRICING

$399.00 - Nonmember

$299.00 - Member

AICPA members receive a discount of $30 for this event.

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

American Institute of CPAs