Preparation, Compilation, and Review Engagements: Update and Review

Overview

If you supervise preparation, compilation, and review engagements, this course is designed to help you adhere to professional standards by informing you of the latest developments and pertinent issues relevant to these engagements. You’ll gain insights into the U.S. business economy, peer review practices, FASB updates, and various aspects that influence preparation, compilation, and review engagements.

Highlights

• Overview of preparation, compilation, and review guidance
• Accounting and reporting issues
• Current practice issues
• Common deficiencies in peer reviews
• Current and future standard setting projects

Prerequisites

Experience with engagements performed in accordance with SSARSs

Designed For

CPA firm seniors (and above) managing engagements performed in accordance with SSARS prerequisite

Objectives

• Identify key economic factors and accountant's responsibility for fraud.
• Recognize recent SSARSs, accounting, and reporting developments.
• Identify the professional standards and risk factors relevant to the performance of preparation, compilation, and review engagements, including engagements on pro forma and prospective financial information.

Notice

All materials will be available to download in advance and participants will receive an email two days prior to the course date. Materials will also be posted in the “My CPE” section of the NESCPA website.