Course Information Course: Compilation & Review Update - 2024
Course No. 24212
Delivery Method: Group Internet Live Webinar
Format: Online
Prerequisites: None

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