- NY Credits : 8.0
- TX Credits : 8.0
This interactive self-study course discusses issues related to compilation and review engagements. Lesson 1 takes a look at the background information all practitioners need to know before tackling these types of engagements, including details about the Accounting and Review Services Committee (ARSC) and the authoritative guidance that applies to such engagements. Lesson 2 takes a look at issues related to engagement administration that practitioners may face when performing compilation and review engagements.
Course Expiration Date: July 31, 2022
Please note, the grading fee for answer sheets submitted by regular mail is $119.
Identify basic information about the ARSC and the authoritative guidance that applies to compilation and review engagements.
Identify general principles that apply to SSARS engagements, client acceptance and continuance considerations, whether the SSARS apply to a specific engagement, and how to recommend a level of service.
Recognize how to deal with engagement letters, changing the engagement type, subsequent events, and the subsequent discovery of facts in compilation and review engagements.
Determine best practices for workpaper documentation, communication with other accountants, and other practice issues in compilation and review engagements.
Identify what quality control, peer review, and ethics standards apply to compilation and review engagements.
Determine how accounting software, independence issues, consultations, and differences of opinion may affect compilation and review engagements.
Lesson 1—Background Information for Performing Compilation and Review Engagements
Lesson 2—Engagement Administration