Compilation and Review: Basic Review and Update (4101155C)

With peer review now mandatory for all California CPAs, it is critical that you know and understand basic performance and reporting standards when you perform compilation or review engagements. Review existing pronouncements and learn practical approaches to guide you in complying with both SSARS performance and reporting requirements, as well as guidance to determine when the standards do not apply. Learn about recent-as well as extensive proposed-changes to SSARS.

• Determine if SSARS applies to a particular client engagement.
• Identify professional standards affecting compilation and review engagements.
• Understand special reporting situations and modifications to the standard compilation and review report.
• Recognize requirements for engagement documentation.
• Apply newly issued SSARS statements and interpretations for compilation and review engagements.

• SSARS standards and interpretations
• AICPA technical practice aids relating to SSARS
• AICPA alerts and updates focusing on current pronouncements and practice issues
• Issues affecting GAAP vs. OCBOA financial statement presentations and reporting
• Issues involving supplementary data, selective information and disclosures
• Various reporting situations and report modifications
• Engagement documentation requirements for both compilation and review engagements, including special requirements for review engagements and recent pronouncements
• Issues involving the accountant's independence, including Interpretation 101-3
• Considerations of fraud and illegal acts in compilation and review engagements

CPAs and professional staff who need a basic review of SSARS and want the latest information relating to compilation and review engagements.

None

None

To ensure that all credit is properly recorded, please review your personal profile and update your CPA, CFP, CTEC and/or Bar license number(s).