Preparation, Compilation, and Review Engagements: Update and Review
Overview
By reviewing the latest developments and issues relevant to preparation, compilation and review engagements, you’ll be able to adhere to professional standards while performing these types of engagements.
Delivery Method: Individual webcast
CPE Credit: Auditing
Program Level: Basic
This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by AICPA.
Highlights
Prerequisites
Experience with engagements performed in accordance with SSARS.
Designed For
CPA firm seniors (and above) managing engagements performed in accordance with SSARS.
Objectives
- Identify the key economic factors that may affect clients and their financial statements.
- Recall the accountant's responsibility for going concern issues, subsequent events, fraud, and recommendations for minimizing fraud-related risk.
- Recall the requirements and resources applicable to the performance of SSARSs engagements.
- Identify some of the more common peer review findings in compilation and review engagements.
- Recall basic elements of some recently issued accounting standards and current and future FASB projects.
- Recognize the Financial Reporting Framework for Small
- and Medium-Size Entities (FRF for SMEsT) as an alternative to other special purpose frameworks and to accounting principles generally accepted in the United States.
- Identify recently issued quality management standards, the fundamentals of QC section 10,
- A Firm's System of Quality Control
- , and current independence and ethics issues.
- Identify current issues identified by the Accounting and Review Services Committee.
Leader(s):
Leader Bios
Daryl Krause, Surgent McCoy CPE, LLC
Daryl G. Krause is manager and CEO of DG Krause, LLC. In April 2005, he organized and founded this regional public accounting firm, which is registered for operations in six mid-western states. The firm performs employee benefit plan audits and related services for clients with plans having net assets ranging from less than one million dollars to in excess of one billion dollars. Mr. Krause worked at Ernst & Young, LLP for over 23 years with diversified and progressively responsible experience in the public accounting profession. He also served as the Ohio Valley Area Director of Employee Benefit Plan Services specialty audit practice for eight years. He was responsible for the technical accuracy and quality of over 300,000 hours of employee benefit plan audit effort. He was also a senior manager in Entrepreneurial Services group for three years managing a portfolio of corporate audit client relationships. He was a senior manager in E&Y’s National Professional Development group for five years. He was part of the 11 member team that completed the development effort to introduce the Ernst & Young Audit Approach Training for Staff through Partner following the Ernst & Whinney and Arthur Young merger, which was deemed a critical success factor for the newly formed Ernst & Young. Mr. Krause holds a Bachelors of Business Administration in Accounting from the University of Wisconsin-Oshkosh.
Non-Member Price $269.00
Member Price $225.00