Companion to PPC's Guide to Compilation and Review Engagements - Course 2 - Review Procedures and Reporting on Compiled or Reviewed Financial Statements (CARTG202)  

Recognize how accountants gain knowledge of clients, their industry, and their financial reporting frameworks for a review engagement.

Identify other issues that may affect review procedures, including those related to the entity's ability to continue as a going concern, representation letters, and initial review engagements.

Identify the accountant's reporting obligation for compiled and reviewed financial statements, requirements for compilation and review reports, the different levels of service that may be provided, and how to date compilation and review reports.

Determine the best methods for dealing with reporting issues.

Recognize requirements and best practices for reporting on comparative financial statements, accounting changes, nonprofit organizations, and governmental entities.

Identify how to handle other reporting situations that may occur.