2013 Practice Issues: Compilation & Review Update (Not Available)

Author: Steven C. Fustolo

The purpose of this course is to inform the reader of the various changes proposed by the Accounting and Review Services Committee of the AICPA and practice issues surrounding compilation and review engagements. This course changes in SSARS Nos. 9 through 19, and responsibility for fraud, internal control and going concern, representation letters for reviews, personal financial statements, using staff, compiling pro forma financial information, OCBOA financial statements, legends on financial statements, and more.

Publication Date: March 2013

Number of Pages: 470

QAS Approved Course Sponsor: National Tax Institute:
NASBA Sponsor Number: 103075/QAS Sponsor Number: 005

Designed For
Practicing CPAs and CPAs responsible for accounting, financial reporting, and performing compilations and reviews

Topics Covered

• SSARS No. 9-19
• Ethics rules to controllers who seek to issue financial statements
• Eliminate references to auditing literature found in the SSARSs
• Identify provisions to incorporate into engagement letters to protect the accountant against liability claims

Learning Objectives

• Understand how fraud and internal control apply to compilation and review engagements
• Apply going concern issues to the SSARSs and identify factors that could suggest there is a going concern problem
• Discuss the key changes to independence rules found in Interpretation 101-3

Level
Basic

Format
PDF materials

Instructional Method
Self-Study

NASBA Field of Study
Auditing (20 hours)

Program Prerequisites
None

Advance Preparation
None