Compilations, Reviews, and Preparations - Engagement Performance and Annual Update

OL1521  |  On Demand Course  |  Update  |  Self-Study

Description

Specifically designed for preparation, compilation and review practitioners, this course will provide you with a comprehensive review and hands-on application for performing financial statement preparation, compilation, and review engagements. You will learn the ins and outs of applying SSARS No. 21, Clarification and Recodification, as well as the additional guidance related to SSARS engagements through the issuance of SSARS Nos. 22-26 by the ARSC. In addition to SSARS 26, the entire suite of quality management standards is discussed. However, knowing the standards is not enough. You need to be able to effectively apply them. To support this, the course will review recent peer review feedback on SSARS engagements, providing insights on how to successfully apply this guidance. Not only will this course bring you up to date on SSARS requirements and guidance, but more importantly, it will provide you with practical examples and illustrations to help you effectively and efficiently perform these types of engagements. This course is intended to be your go-to reference for training your staff and managing your SSARS No. 21-26 services in compliance with professional, ethical and technical requirements.

Credits

Number of Credits Type of Credits
8.00 Auditing

Designed For

Accounting practitioners and their staff performing and managing compilation, preparation, and review engagement services

Highlights

  • SSARS No. 21, Clarification and Recodification, and updates to SSARS No. 21 due to the issuance of SSARS No. 23, Omnibus Statement on Standards for Accounting and Review Services
  • SSARS No. 22, Compilation of Pro Forma Financial Information
  • SSARS No. 24, Omnibus Statement on Standards for Accounting and Review Services - 2018
  • SSARS No. 25, Materiality in a Review of Financial Statements and Adverse Conclusions
  • SSARS No. 26, Quality Management for an Engagement Conducted in Accordance With Statements on Standards for Accounting and Review Services
  • Sample comprehensive engagement work programs for preparation, compilation and review engagements
  • Reporting and disclosure illustrations for each level of service, including attesting on personal financial statements, prescribed form, special purpose framework and other engagement variations
  • Other communication requirements, such as sample engagement letters and management representation letters

Objectives

  • Understand and apply SSARS No. 21, Clarification and Recodification
  • Be familiar with changes due to the issuance of SSARS Nos. 22-26
  • Be familiar with compilation and review program examples and disclosure illustrations
  • Identify and apply compilation, preparation, and review procedures
  • Be aware of the most recent compilation and review reports and other communications
  • Utilize hands-on examples and illustrations to increase your overall understanding and application of the material

Notes

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Prices

Member (Early Bird)
$289.00
Non-Member (Early Bird)
$409.00
Member
$289.00
Non-Member
$409.00
Your Price: $409.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations.

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Instructors

Kenneth Levine

Ken spent his 40+-year career in public accounting, including the last five years as an Assurance Partner with BDO USA, LLP, following the merger of SS&G, Inc., a large regional firm, with BDO in 2015. Prior to joining SS&G, Inc. in 2001, Ken was a partner with a large local firm and a Senior Manager with Ernst & Young. Ken’s experience includes providing assurance, tax, and business consulting services to privately owned businesses. His industry experience includes manufacturing and distribution; technology-based businesses; service businesses; private equity and venture capital funds; and audits of employee benefit plans, including plans requiring SEC Form 11-K filings. Ken is a magna cum laude graduate of Miami (Ohio) University with a BS in Business and a major in Accountancy. Ken passed the May 1978 CPA exam with the highest score in the State of Ohio and one of the top 50 scores in the United States. Ken is also a board member and treasurer of several not-for-profit organizations.

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