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Compilation & Review Engagement Essentials
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| Date |
August 05, 2010
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| Location | Quality Inn, Grand Island, NE |
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| Course Time |
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8:30 a.m. to 4:30 p.m. |
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Many beginning CPAs are not familiar with two of the local CPA firm’s most popular engagements: compilations and reviews of private companies. Shorten staff learning time and increase their earning time by sending them to this hands-on course. First, participants learn what distinguishes a compilation and a review from both accounting and audits services. After an overview of the current SSARS standards, the participants walk through a traditional compilation engagement. Once the traditional compilation engagement is understood, staff identify the changes they must make when compiling management-use-only or interim statements, or compiling specified elements, accounts, or items of a financial statement. Participants then repeat the process for a review engagement.
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| Course Highlights & Objectives |
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Aids for selecting the correct SSARS guidance and observing key differences among compilations, reviews, accounting services and audits. Documenting the work performed. Executing the compilation and review engagement programs. Making effective inquiries and analytical procedures. Preparing the accountant’s compilation or review report. Preparing the representation letter.
Upon completion of this course, participants will be able to identify the activities required to perform a basic compilation and a basic review of financial statements, draft the accountant’s report and document the engagement in accordance with the professional standards. |
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| Who Should Attend |
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| CPA firm staff, including paraprofessionals, new to performing compilation or review engagements. |
| Course Level | Basic |
| Prerequisites | None |
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| Discussion Leader | William Eskin, AICPA |
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| Additional Information: |
Parking is available on site and lunch is provided. |
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| Fee |
$230 - Society Member
$260 - AICPA or Society Nonmember
$290 - AICPA & Society Nonmember |
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