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.

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

Registration Options
Quantity

Fees
Regular Fee$49
Value Pass Fee$0

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