Compilation, Review, and Preparation Series: Review Engagement Procedures (Completed)
Date: Monday, September 23, 2019
Instructor: Salvatore Collemi
| Begin Time: |
9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs |
|
This webinar will focus on SSARS No. 21, Statement on Standards for Accounting and Review Services: Clarification and Recodification, on the performance of review procedures. We will start first with the fundamental training on the general principles and objective of a review engagement followed by a few challenging areas we have seen in practice. We will also address the most recent changes resulting from the issuance of SSARS No. 22 and SSARS No. 23, to help CPAs and practitioners comply with the latest changes in regulations.
Who Should Attend
CPAs and practitioners who frequently perform review engagements under the AICPA SSARS requirements.
Topics Covered
- The objectives of performing a review engagement
- How a review engagement differs to other attest and financial statement services
- Review engagement procedures — inquiries and analytical procedures
- Determination of Materiality
- AICPA Independence Rules and Interpretations
- Documentation in Workpapers
Learning Objectives
- Recognize how to appropriate performance of review engagements
- Identify the general principles and objective of review engagements
- Describe the reporting requirements associated with review engagements
- Recognize and apply independence requirements associated with review engagements
- Describe the AICPA's Code of Professional Conduct that impacts practitioners performing review engagements
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Auditing (2 hours)
Program Prerequisites
None
Advance Preparation
None
