Preparation, Compilation, and Review Engagements: Update and Review

Overview

If you supervise preparation, compilation, and review engagements, this course is designed to assist you in adhering to professional standards, informing you of the latest developments and pertinent issues relevant to these engagements. Gain insights into the U.S. business economy, peer review practices, FASB updates, and various aspects that influence preparation, compilation, and review engagements.

Prerequisites

Experience with engagements performed in accordance with SSARS

Objectives

• Identify key economic factors and accountant's responsibility for fraud.
• Recognize recent SSARSs, accounting, and reporting developments.
• Identify the professional standards and risk factors relevant to the performance of preparation, compilation, and review engagements, including engagements on pro forma and prospective financial information.

Highlights

Overview of preparation, compilation, and review guidance Accounting and reporting issues Current practice issues Common deficiencies in peer reviews Current and future standard setting projects