- NY Credits : 6.0
- TX Credits : 6.0
This interactive self-study course discusses engagement administration for compilation and review engagements. The two lessons cover a variety of topics, including whether the SSARS apply to a particular engagement, engagement letters, workpaper documentation, practice issues, and independence issues.
Course Expiration Date: July 31, 2020
Please note, the grading fee for answer sheets submitted by regular mail is $109.
Identify general principles for SSARS engagements, important considerations for acceptance and continuance, and when SSARS apply to an engagement.
Determine what levels of service is appropriate in different situations, what is needed in an engagement letter, and how to handle changes in the type of engagement after the engagement has begun.
Recognize how to handle subsequent events and the subsequent discovery of existing facts, what types of workpaper documentation are needed, and when it is appropriate to withdraw from an engagement.
Determine what communications are needed between predecessor and successor accountants and how to deal with common practice issues in compilation and review engagements.
Identify the requirements for quality control, peer review, and ethics standards when a firm performs compilation and review engagements.
Identify the ways accounting software can be used and how to deal with independence issues, consultation, and differences of opinion.
Lesson 1—Issues Related to the Administration of Compilation and Review Engagements, Part I
Lesson 2—Issues Related to the Administration of Compilation and Review Engagements, Part II