Preparation, Compilation, and Review Engagements: Update and Review

Prerequisites

Experience with engagements performed in accordance with SSARS.

Designed For

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

Objectives

• Identify the key economic factors that may affect clients and their financial statements.
• Recall the accountant's responsibility for going concern issues, subsequent events, fraud, and recommendations for minimizing fraud-related risk.
• Recall the requirements and resources applicable to the performance of SSARSs engagements.
• Identify some of the more common peer review findings in compilation and review engagements.
• Recall basic elements of some recently issued accounting standards and current and future FASB projects.
• Recognize the Financial Reporting Framework for Small
• and Medium-Size Entities (FRF for SMEsT) as an alternative to other special purpose frameworks and to accounting principles generally accepted in the United States.
• Identify recently issued quality management standards, the fundamentals of QC section 10,
• A Firm's System of Quality Control
• , and current independence and ethics issues.
• Identify current issues identified by the Accounting and Review Services Committee.

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by AICPA (do_not_reply@on24event.com). Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.