Compilations & Reviews: A Practical Approach | CPE Online

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Compilations & Reviews: A Practical Approach Webinar

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Available Formats:

Live Webinar

$199

CPE Credits: 8 Hours
Overview

Public accountants tasked with generating compilations and reviews need a systematic approach to generating these documents. This targeted, one-day webinar will focus on the key factors you need to consider when putting together a compilation or review. You will:

  • Gain an in-depth review of SSARS
  • Compare compilations, reviews, and audits
  • Identify departures between GAAP and OCBOA
Objective

To provide CPAs with the confidence to generate compilations and reviews that are thorough enough to meet professional standards, efficient enough to complete in a timely manner and effective enough to avoid deficiencies.

Emphasis
  • SSARS 26 Quality Management
  • SSARS 21 Clarity Project
  • Recent updates and interpretations
  • Limited assurance
  • Issues and disclosures regarding independence
  • Documentation, materiality, and ethics
  • Other Financial Reporting Frameworks and comparison to GAAP, including treatment of departures
  • Comparative statements
  • Scope limitations and elimination of management-use-only statements
  • Changing accountants
  • Special purpose engagements
  • Legal issues
  • Common peer review deficiencies
  • Association with financial statements
  • Preparation engagements
  • "Review Evidence" and review procedures

Available Formats:

Live Webinar

$199

CPE Credits: 8 Hours

This course is included in the following passes:

Applicable Passes:
Not available
Anytime Pass
Self-Study Pass
Combo Pass
Evening & Weekend Pass

Need more than one course? Upgrade to a pass and save.

View Passes
Prerequisite
Basic knowledge of financial accounting and reporting
Level of Knowledge
Intermediate
CPE Credits
8 Hours
NASBA Field of Study
Accounting
Title
CPE Passes: A Better CPE Experience
  • Earn all your credits in one place--no more separate providers.  We're your one-stop-shop to complete your CPE requirements fast.
  • General & state-specific ethics courses are included at no additional cost.  (When we say in one place, we mean it!)
  • Convenience meets flexibility with CPE Pass options that align with your schedule, no matter how busy you are. 

 

Compilations & Reviews: A Practical Approach Self-Study Webinar

share icon
Link Copied!

Available Formats:

Self-Study

$199

CPE Credits: 11 Hours
Overview

Public accountants tasked with generating compilations and reviews need a systematic approach to generating these documents. This targeted, self-study webinar will focus on the key factors you need to consider when putting together a compilation or review. You will:

  • Gain an in-depth review of SSARS
  • Discuss “review evidence” and review procedures
  • Identify departures between GAAP and OCBOA
Objective

To provide CPAs with the confidence to generate compilations and reviews that are thorough enough to meet professional standards, efficient enough to complete in a timely manner and effective enough to avoid deficiencies.

 

DETAILED LEARNING OBJECTIVES

• Identify the consequences of not following the SSARS

• Identify the compilation and review hierarchy

• Recognize those professional services following under the SSARS that result in the issuance of a report

• Recognize the applicability of an engagement letter in the context of an engagement subject to SSARS

• Recognize those SSARS engagements in which control risk is assessed

• Determine the date of the compilation report

• Identify those engagements not requiring independence

• Identify the characteristics of a compilation engagement’s work papers

• Determine the requirements for compiling financial statements for one entity when engaged by another entity

• Recognize the characteristics of the revised compilation report

• Recognize the proper placement of a reference to the report in a compilation or review engagement

• Recognize the appropriate placement of the reference to supplemental information in SSARS engagements

• Determine the characteristics of a restricted use report

• Identify those circumstances under which a statement of comprehensive income is required under the SSARS

• Identify those circumstances under which an omission of disclosures is permitted under the SSARS

• Determine the ramifications of a lack of a representation letter in a SSARS engagement

• Determine the ramifications of an accountant’s awareness of fraud or an illegal act when performing an engagement subject to SSARS

• Identify the necessary inquiries of a review engagement

• Identify the necessary analytic procedures to be performed in a review engagement

• Identify the characteristics of a representation letter in connection with review engagements

• Identify the necessary components of a review report

• Determine the characteristics of a reissued report

• Identify the predecessor accountant’s obligations to a successor accountant

• Identify the predecessor accountant’s obligations to the client regarding a previously issued report

• Identify the ramifications to the accountant when an entity has a change of status between public and nonpublic

• Identify the primary characteristics of IFRS vs. US GAAP

• Determine the indicators favoring cash or tax basis

• Recognize the determinative factor regarding the FASB endorsing a PCC recommendation

• Recognize the results of the FASB Simplification Initiative

• Identify OCBOA bases of accounting

• Recognize the characteristics of the modified cash basis of accounting

• Recognize matters typically discussed in “an emphasis of matter” paragraph of an accountant’s review report on special purpose frameworks

• Recognize the ramifications of reporting on the financial information in tax returns

• Identify nontraditional engagements subject to SSARS

• Identify the reporting ramifications of special-purpose financial statements complying with contractual agreements or regulatory provisions

• Identify the reporting ramifications of specified elements, accounts, or items

• Identify the reporting ramifications of financial information on prescribed forms

• Recognize the reporting ramifications of personal financial statements

• Recognize the entity responsible for establishing legal liability to third parties

• Recognize allowable contingent fees that will not taint the accountant’s independence

Emphasis
  • SSARS 19 overhaul of compilations and reviews
  • SSARS 21 Clarity Project
  • Recent updates and interpretations
  • Limited assurance
  • Reviews: evidence, procedures and SSARS 20
  • Issues and disclosures regarding independence
  • Documentation, materiality and ethics
  • Other Financial Reporting Frameworks and comparison to GAAP, including treatment of departures
  • Comparative statements
  • Scope limitations and elimination of management-use-only statements
  • Changing accountants
  • Common peer review deficiencies
  • Association with financial statements
  • Preparation engagements
  • Compiling pro-forma or prospective financial information

Available Formats:

Self-Study

$199

CPE Credits: 11 Hours

This course is included in the following passes:

Applicable Passes:
Not available
Anytime Pass
Self-Study Pass
Combo Pass
Evening & Weekend Pass

Need more than one course? Upgrade to a pass and save.

View Passes
Prerequisite
Basic knowledge of financial accounting and reporting
Level of Knowledge
Intermediate
CPE Credits
11 Hours
NASBA Field of Study
Accounting
Title
CPE Passes: A Better CPE Experience
  • Earn all your credits in one place--no more separate providers.  We're your one-stop-shop to complete your CPE requirements fast.
  • General & state-specific ethics courses are included at no additional cost.  (When we say in one place, we mean it!)
  • Convenience meets flexibility with CPE Pass options that align with your schedule, no matter how busy you are.