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

  • Credits: 4
  • Format: Scheduled Webinar
  • Field of Study: Accounting and Auditing
  • Author/Speaker: Sheldon Clark
Course ID: Advanced Preparation: Experience Level:
SC-124.LW None Overview
Published Date: Program Prerequisites: Other Course Formats:
© July 2021 General knowledge of GAAP required financial statements OnDemand Webinar
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.
  • Other Tax Return Preparers (OTRPs)

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