Customer Service: 800-778-7436     

To access your product click the Log In link at the top right of the screen. Once inside your account, you will be able to access your Packages, Self-Study Product, and Webinar Registrations.

Sign In to Your Surgent Account

Forgot Username or Password | Register for an Account

Performing Preparation, Compilation, Review and Engagements (A1S4)

  • Format Self-Study Webcasts
  • Credits 2.00
  • Level Basic
  • Field of Study Auditing (2)

Overview

CPA firms generally perform a significant number of preparation, compilation and review engagements under the Statements of Standards for Accounting and Review Services (SSARS). Compilations and reviews are performed as attest engagements where preparation engagements do not require independence and as such are considered non-attest engagements. Reviews, like audits are considered assurance services. Reviews provide limited assurance that financial statements are free of material misstatement. In addition, the CPA may perform other non-attest services, such as bookkeeping. CPAs must fully understand the professional responsibilities related to each of these varying levels of services, in order to effectively and efficiently satisfy engagement objectives and ensure compliance with professional standards relative to independence. (Please Note: This module is part of Surgent's Audit Skills Training: Level 1.)



Major Topics:

  • Compare and contrast the basis and requirements of preparation, compilation, and review engagements
  • Identifying key reporting elements of compilation and review reports
  • Impact of special purpose accounting frameworks and other special issues

Learning Objectives:

  • Explain the basis and requirements for a compilation contrasted with preparing financial statements
  • Describe the basis and requirements for a review
  • Discuss special purpose framework and other issues

Who should take this course:

Accountants new to providing preparation, compilations, and review engagements

None

None

No

No

No

CPE Webinars
CPE Webinars

Thank You!

Thank You! Your subscription has been submitted.