WEBCAST: Engagement Essentials: Preparation, Compilation, and Review of Financial Statements
Description
This course covers the fundamentals you need to know to perform
preparation, compilation, and review engagements. You will 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, you will walk through the
steps of these engagements and work through practice questions and case
studies to increase concept comprehension and retention.
Learning Objectives
When you complete this course you will be able to:
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.
Major Topics
Preparation, compilation, and review engagement fundamentals
Performance requirements for preparation, compilation, and review engagements
Special purpose and other accounting frameworks
Inquiry and analytical procedures
Illustrative compilation and review reports
Latest developments
Provider
AICPA
Course Level
Basic
Professional Area of Focus
Accounting & Auditing
CPE Field of Study
Auditing
8
Who Should Attend
CPA firm attest staff, including paraprofessionals, who are new to performing preparation, compilation, or review engagements or CPAs requiring a refresher on preparation, compilation or review engagements