2018 Practice Issues — Compilation and Review Update Module I
Author: Steven C. Fustolo, CPA
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.
With this 12-hour course you will:
- Get a 304-page PDF manual
- Identify some of the changes made to SSARS No. 21 that are carried over from auditing standards
- Recognize engagement types that are and are
not part of SSARS No. 21
- Recognize the accountant’s responsibility for reporting fraud in compilation and review engagements
- Identify factors that may or may not suggest there is a potential going concern problem in a compilation or review engagement
- Recognize some of the general rules for tax-basis financial statements
- Identify the options available to report on supplementary information in a compilation or review engagement
- Identify when a management representation letter is required and some general rules pertaining to such letters
Course level: Overview
General understanding of U.S. GAAP is required.
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Spidell Publishing, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. This self-study is designed to meet the requirements for 12 hours of continuing education for the California Board of Accountancy. Level: Overview. Field of Study: Auditing. Delivery Method: Self-Study. For more information regarding administrative policies, such as complaints or refunds, contact Spidell Publishing at (714) 776-7850. Prerequisite: General understanding of U.S. GAAP.