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Compilation & Review Update - 2024
Course Information
Program Level: Basic
CPE Credit: 8 Hours
Field of Study: Auditing
Overview
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
The course addresses the three types of engagements that can be performed under the SSARSs: a preparation of financial statements engagement, a compilation engagement, and a review engagement.
Topics
History of SSARS No. 21
Accounting and Review Services Committee Overview of the Standards- SSARS Nos. 21-25 General Principles for SSARSs Material Misstatements in A Compilation Engagement Material Errors in A Compilation Engagement Compilation Engagement Court Case AICPA’s Quality Management Project SQMS No. 1 SQMS No. 2 SAS No. 146 SSARS No. 26 History of Peer Review at the AICPA AICPA Peer Review Program Overview Example Results of AICPA Peer Review Program
Objective
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
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