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

Author: James Ulvog

CPE Credit:  2 hours for CPAs

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

Note: This course does not contain audio.

Publication Date: April 2015

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.



Instructional Method

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites
Basic knowledge of compilation and review procedures

Advance Preparation

Registration Options

Regular Fee$49
Value Pass Fee$0

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