Guide & Update to Compilations, Reviews & Preparations
Overview
Specifically designed for preparation, compilation and review practitioners, this course provides 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 additional guidance related to SSARS engagements through the issuance of SSARS Nos. 22–27 by the AICPA’s Accounting and Review Services Committee (ARSC). The course also reviews 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 compilation, preparation and review engagements.
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.
SSARS No. 27, Applicability of AR-C Section 70 to Financial Statements Prepared as Part of a Consulting Services Engagement.
Sample comprehensive engagement work programs for preparation, compilation and review engagements.
Prerequisites
Experience in performing and managing compilation, preparation and review engagements.
Designed For
Accounting practitioners and their staff performing and managing compilation, preparation and review engagement services.
Objectives
Understand and apply SSARS No. 21, Clarification and Recodification.
Be familiar with changes related to the issuance of SSARS Nos. 22–27.
Be familiar with preparation, compilation and review program examples.
Be aware of the most recent reports and other required communications.
Preparation
None
Leader(s):
Leader Bios
Renee Rampulla, Founder, Rampulla Advisory Services, LLC
Renee Rampulla, CPA, CGMA, is the managing member and founder of Rampulla Advisory Services, LLC, with over 30 years of experience in accounting, auditing, and professional ethics. She is a national standard-setter serving on the American Institute of Certified Public Accountants (AICPA) Auditing Standards Board.
She is a frequently requested and nationally recognized speaker and a five-time recipient of the AICPA’s Outstanding Instructor Award, a recipient of the 2016 New Jersey Society of CPAs “Women of Note” and in November 2023 received the “Samuel A. Dyckman, Excellence in Education Award” from the National Conference of CPA Practitioners. Renee has taught over 1,100 continuing professional education (CPE) courses.
She is the author of several accounting and auditing publications and continuing professional education courses for the AICPA, various State Societies, and numerous other organizations. Renee writes and lectures on technical accounting, auditing, and professional ethical issues. She has experience in the auditing of public and privately held entities ranging from the manufacturing and service sectors to financial services.
Renee was a partner in a regional accounting firm in the northeast in charge of the firm’s accounting and auditing practice and their quality control group. By devoting several years of her career to both regional and Big Four accounting firms Renee accumulated a wealth of technical and practical knowledge. In addition, while working for the AICPA, she performed professional ethics investigations; collaborated closely with senior technical committees; presented technical guidance before standard setters; and authored and updated several AICPA publications.
In 2022 Renee completed a three-year term as a member of AICPA council and served on the AICPA’s Ethics Enforcement Committee. She has served as Vice President of Professional Issues for the New York State Society of CPAs (NYSSCPA), is a past member of the NYSSCPA Executive Committee and former NYSSCPA Director at Large board member. Renee Rampulla has also chaired the NYSSCPA’s Professional Ethics and Nominating Committees and is the Past President of the NYSSCPA’s Staten Island Chapter. She has served in several other leadership positions for the NYSSCPA and continues to serve on many NYSSCPA committees. Renee has also served in leadership roles with the New Jersey Society of CPA (NJCPA) such as Chair and Vice-chair of the NJCPA Accounting and Auditing Standards Interest Group; Co-Chair of the NJCPA Accounting Standards and IFRS sub-committees and as a member of the NJCPA Audit and Professional Conduct committees.
For several years Renee was an adjunct lecturer at Hunter College, a City University of New York City, teaching various undergraduate accounting, auditing, and research courses.
Non-Member Price $245.00
Member Price $199.00