Advanced Update for Compilation, Review and Accounting Services (111028A-12)
Description
If you manage a compilation, review and accounting service practice,
this course is an absolute must; it enables a partner to ensure that
current year engagements conform to all applicable professional
standards. A practice-oriented review of the latest developments, cases,
and lively discussion among the experienced participants make this class
informative and practical. The material covers the entire spectrum of
partner concerns: current professional standards, independence rules,
engagement and representation letters, field work, disclosure,
reporting, documentation, quality control, engagement administration,
specialty engagements and peer review.
Learning Objectives
Identify
responses to compilation, review and accounting service practice issues
that conform to all applicable current professional standards
Major Topics
What the engagement team really needs to know to correctly plan,
review and report this year's engagements
Fraud D where the firm's
responsibility begins and ends
Hands-on practice in case studies
applying recent SSARSs pronouncements, interpretations and technical
practice aids
The most common deficiencies found by peer reviewers
Proposed standards and other developments on the horizon that may affect
compilation, review or accounting service practices
Course Level
Advanced
CPE Field of Study
Auditing
8
Prerequisites
Management of a compilation, review or accounting service practice