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CPE Self-Study

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

  • $179.00-$229.00
    Engagement Essentials: Preparation, Compilation, and Review of Financial Statements Backordered Product #: 746101
    AICPA Member: $179.00
    Non-Member: $229.00

This CPE course provides an overview of the Statements on Standards for Accounting and Review Services, and covers the fundamentals of preparation, compilation, and review engagements.

You’ll learn what distinguishes preparation, compilation, and review engagements from a traditional audit, and 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. 21, Statements on Standards for Accounting and Review Services: Clarification and Recodification.

Topics Discussed

  • Preparation, compilation, and review engagement fundamentals
  • Performance requirements for preparation, compilation, and review engagements
  • Special purpose and other accounting frameworks
  • Illustrative compilation and review reports
  • Inquiry and analytical procedures
  • Latest developments

Learning Objectives

When you complete this course, you will be able 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 report.
  • Recognize the documentation requirements associated with these engagements.

Who Will Benefit?

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

About the Authors

Hugh Parker, Ph.D., CPA



Kimberly Burke, Ph.D.



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.