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CPE Self-Study

Preparation, Compilation and Review Engagements Update

  • $99.00-$129.00
    Preparation, Compilation and Review Engagements Update Online Access Product #: 163462
    AICPA Member: $99.00
    Non-Member: $129.00
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    Product #: GT-CL4COMP

If you supervise preparation, compilation, and review engagements, this CPE course will help you comply with the professional standards by informing you of the latest developments and issues relevant to these engagements. Learn about Statement on Standards for Accounting and Review Services (SSARS) No. 21, Statements on Standards for Accounting and Review Services: Clarification and Recodification, released in connection with the Accounting and Review Services Committee's SSARS Clarity Project, quality control issues, International Financial Reporting Standards, and other areas affecting preparation, compilation, and review engagements.

Learning Objectives

This course will prepare you to:

  • Identify key economic factors that may impact your clients and their financial statements
  • Recall the performance requirements for performing engagements in accordance with SSARS No. 21
  • Recognize the appropriate reporting requirements and common modifications for reporting on compilation and review engagements
  • Identify current practice issues
  • Identify future projects of the Accounting and Review Services Committee

Key Topics

  • Overview of preparation, compilation, and review guidance
  • The SSARSs Clarity Project, including the issuance of SSARS No. 21, Statements on Standards for Accounting and Review Services: Clarification and Recodification
  • Accounting and reporting issues
  • Current practice issues
  • Common deficiencies in peer reviews
  • Current and future standard-setting projects

Who Will Benefit?

  • Practitioners performing preparation, compilation, or review engagements
  • Those who want to stay up to date on the latest in the PCRE sector

System Requirements

About the Authors

Hugh Parker, Ph.D., CPA

Hugh has more than 25 years of experience in accounting, auditing, business valuation, and litigation support in local and regional firms. A PhD as well as a CPA, Parker has taught CPA continuing education courses across the country, and has been recognized by the American Institute of Certified Public Accountants as an Outstanding CPE Instructor.

His career includes experience teaching undergraduate and graduate accounting courses, Dean of the Else School of Management at Millsaps College and Executive Partner of HORNE LLP. Parker's volunteer service includes campaign chair of the Millsaps College Else School of Business, USM College of Business Advisory Board, Boys and Girls Clubs of Central Mississippi, Boy Scouts, Mississippi Special Olympics, and the Mississippi Symphony Orchestra.

Kimberly Burke, Ph.D.

Dr. Burke, professor of accounting, is the Dean at Millsaps College’s Else School of Management. She began her position on July 1, 2012. She oversees the undergraduate business program, an MBA program, an Executive MBA program, and a Master of Accountancy program. As an accounting professor, Dr. Burke has taught a variety of classes including undergraduate and graduate auditing, intermediate and advanced accounting, accounting information systems, principles of financial accounting and introduction to liberal studies. In 2008, she was recognized by the Carnegie Foundation for the Advancement of Teaching and the Council for Advancement and Support of Education as the Mississippi Professor of the Year.

Dr. Burke holds a B.B.A. and an M.S. in accounting from Texas Tech University and a Ph.D. from Oklahoma State University. She joined the Millsaps faculty in 1995. Her research interests include the labor market for academics, assurance services, expectations formation and gender issues. Her research has been published in multiple publications including Advances in Accounting, Southern Economic Journal, Journal of Information Systems, Journal of Service Marketing and Internal Auditing.

About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.

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