The standards for reviews of private company financial statements have
changed and the risks have increased. Yet many young CPAs may lack the
skills and experience to perform meaningful analytical reviews and make
incisive inquiries of management. Reduce the firm’s risk by sending
inexperienced staff to this course. First, participants learn what
distinguishes a review from accounting, compilations and audit services.
After an overview of the current SSARS standards, walk through the steps
in performing a review engagement. Learn how to improve understanding of
the client’s industry and business, make effective inquiries and perform
analytical reviews. Representation letters, the accountant’s report and
work documentation are also covered.