Compilation, Review, and Preparation: The Engagement (Fifth Edition)

Author: James Ulvog

This two CPE hour course examines the elements of a compilation or review engagement and the complexities of SSARS engagements.

Publication Date: April 2015

You can view the on-demand webinar at your own pace. In addition, supporting materials are available for download. You can view the program at any time and as often as you like. You have access to the recording for one year from date of purchase.

Topics Covered

• Acceptance/Continuance Requirements
• Engagement Letter Under SSARS 21
• Documentation
• Consideration of Internal Control in a Compilation or Review Engagement
• Inquiries and Analytical Procedures in a Review Engagement
• Responsibility for Incomplete or Incorrect Information
• Accountant's Consideration of an Entity's Ability to Continue as a Going Concern
• Communicating to Management and Others if a Possible Fraud or Noncompliance is Identified
• Independence Requirements
• Compilation and Review Engagement Complexities
• Communications Between Predecessor and Successor Accountants

Learning Objectives

• Recognize the guidance requirements which must be followed when conducting a compilation or review.
• Identify the rules found in SSARS 21, Statements on Standards for Accounting and Review Services: Clarification and Recodification.
• Recognize the accountant's responsibility regarding fraud when performing a compilation engagement.
• Identify the differences between the words "should", "must" and "should consider" as defined in the SSARS literature.

Level
Intermediate

Format
On-demand

Instructional Method
Self-Study

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites
Basic knowledge of compilation and review procedures

Advance Preparation
None