Compilations, Reviews, & Preparations: Engagement Performance & Annual Update

Friday, December 4 Code: 175 8.0 CPE Credits

Overview

Specifically designed for preparation, compilation, and review practitioners and
their staff, 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 SSARS No. 21, Clarification
and Re-codification. The course will also cover the changes that have occurred
with the issuance of SSARS Nos. 22 and 23 with regard to compilation of pro
forma financial information engagements, engagements on prospective financial
information, as well as in other areas relevant to SSARS No. 21 engagements.
Also, the course will perform a detailed review of the key provisions of the recently
issued SSARS No. 24, Omnibus Statement on Standards for Accounting and
Review Services - 2018. Lastly, we will review proposed changes to the SSARS in
order to conform the guidance to international standards.


Major Topics:
• SSARS No. 21, Clarification and Re-codification, 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
• Proposed changes to the SSARS
• 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


Learning Objectives:
• Understand, apply SSARS No. 21, Clarification and Re-codification
• Be familiar with changes due to the issuance of SSARS Nos. 22, 23 and 24
• 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 and SSARS guidance
• Be aware of other important guidance affecting small and medium-sized
business practitioners

Presenter(s):

William Eskin