Comps, Reviews & Preparations-How the Accounting Profession Got it Right 2024
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(Check-In 10:30am EST)
Virtual
4.00 Credits
Member Price $159.00
Non-Member Price $209.00
Overview
In the beginning, CPA practitioners offered two types of attest services: audits and unaudited engagements. Auditors had plenty of authoritative guidance for choosing their auditing procedures and issuing reports but minimal guidance on performing and reporting on their unaudited engagements. In a landmark litigation in the 1960s, a CPA practitioner failed to detect an obvious fraud, ultimately leading to the AICPA creating well-defined, positive standards that birthed the Compilation and Review services in 1978.
Highlights
• General Principles applicable to all SSARS engagements • Compilations • Reviews • Preparations
Prerequisites
Experience with compilations or reviews.
Designed For
Partners, managers and accountants looking to expand and update their understanding and knowledge.
Objectives
• Review the evolution of the Compilation and Review standards into its current SSARS 21 format • Examine the key requirements of Sections 60-90 of SSARS 21 to support its practical application in performing Compilations, Reviews and Preparations
Preparation
None
Non-Member Price $209.00
Member Price $159.00