Annual Update for Preparation, Compilation, and Review Engagements (111262A-15)
Description
A go-to reference for training staff and managing your preparation,
compilation, and review engagements, this course will enable you to be
in compliance with all of the professional standards surrounding
engagements performed in accordance with Statements on Standards for
Accounting and Review Services (SSARS). A practice-oriented review of
the latest developments, cases, and lively discussion among the
experienced participants make this class informative and practical. The
course covers the entire spectrum of practitioner concerns and
introduces the new requirements applicable to engagements to prepare
financial statements contained in SSARS No. 21, Statements on Standards
for Accounting and Review Services: Clarification and Recodification,
released in connection with the Accounting and Review Services
Committee’s SSARS Clarity project.
Learning Objectives
Plan, conduct, and review preparation, compilation, and review
engagements
Identify the professional standards and risk factors
relevant to the planning of preparation, compilation, and review
engagements
Identify responses to preparation, compilation, and
review engagement practice issues that comply with all applicable
professional standards
Major Topics
Overview of preparation, compilation, and review guidance The SSARS
Clarity Project, including the issuance of SSARS No
21, Statements on
Standards for Accounting and Review Services: Clarification and
Recodification Accounting and reporting issues Current practice
issues Common deficiencies in peer reviews Current and future
standard setting projects Engagement administrative and performance
issues Special Purpose Framework financial statement issues Latest
developments
Course Level
Update
CPE Field of Study
Auditing
8
Prerequisites
Experience with engagements performed in accordance with SSARS
Location
Loyola Graduate Center
2034 Greenspring Dr Lutherville-Timonium, MD21093US