The objective of this course is to inform the reader of the various changes made to the compilation and review standards by the AICPA's Accounting and Review Services Committee (ARSC), and to address practice issues related to compilation and review engagements.
Section I of this course consists of an overview of newly issued SSARS No. 21 including the three types of engagements that can be performed under SSARS No. 21: a preparation of financial statements engagements, a compilation engagement, and a review engagement.
Section II consists of practice issues in compilation and review engagements. Topics include a discussion of an accountant's rsponsibility for fraud, internal control and going concern, representation letters for review engagements, personal financial statements, tax-basis financial statements, legends on financial statements, accountant's liability in compilation and review engagements, saving time in engagements, and more. The focus of the course is to identify, recognize and recall the rules pertaining ti various pronouncements, including those related to recent developments.
Additional Course Details
- Book Title: Compilation And Review Updates 2017
- Author: Steve Fustolo
- Publisher: ACCPE Editorial
- Course Level: Basic & Intermediate
- Pre-Requisites: None
- Interactive: Yes
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