CPE Self-Study

Engagement Essentials: Preparation, Compilation, and Review of Financial Statements

  • $169.00-$219.00
    Engagement Essentials: Preparation, Compilation, and Review of Financial Statements In Stock Product #: 746103
    AICPA Member: $169.00
    Non-Member: $219.00
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Are you seeking to perform your engagements with maximum efficiency? This CPE course provides an overview of the Statements on Standards for Accounting and Review Services, specifically SSARS No. 21, and covers the fundamentals of preparation, compilation, and review engagements.

In this course, you will learn what distinguishes preparation, compilation, and review engagements from a traditional audit, You will then apply these concepts with practice questions, case studies and a step-by-step walk-through of these engagements.

This course is fully updated to incorporate the changes from the recently issued SSARSs No. 22, Compilation of Pro Forma Financial Information, and SSARS No. 23, Omnibus Statement on Standards for Accounting and Review Services - 2016.

Learning Objectives

This course will prepare you to:

  • Identify the performance requirements associated with these engagements
  • Recall the standard compilation and review reports, as well as common modifications to the accountant’s reports
  • Recognize the documentation requirements associated with these engagements

Key Topics

  • Preparation, compilation, and review engagement fundamentals
  • Performance requirements for preparation, compilation, and review engagements, including compilation of prospective financial information and pro forma financial information
  • Special purpose and other accounting frameworks
  • Illustrative compilation and review reports
  • Inquiry and analytical procedures
  • Latest developments

Who Will Benefit?

  • CPA firm attest staff, including paraprofessionals, who are new to performing preparation, compilation, and review engagements or CPAs requiring a refresher on preparation, compilation or review engagements.

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


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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