- NY Credits : 6.0
- TX Credits : 6.0
This interactive self-study course takes a look at several topics that can affect compilation and review engagements. Lesson 1 discusses how interim engagements can differ from engagements to compile or review annual financial statements. Lesson 2 examines how special purpose frameworks can affect the financial statements. Finally, Lesson 3 discusses personal financial statements.
Course Expiration Date: July 31, 2019
Please note, the grading fee for answer sheets submitted by regular mail is $95.
Identify the general accounting rules for interim financial statements.
Recognize when to correct interim financial statements for a prior period, and what disclosures are required for interim financial statements.
Identify the different types of special purpose frameworks, and when to use a special purpose framework.
Recognize the statement titles that are appropriate under the cash and tax basis, applicable presentation considerations, how to deal with disclosures, cash to accrual conversions, engagement and representation letters, and reporting issues.
Recognize the typical elements of personal financial statement engagements, and how to deal with reporting issues for such engagements.
Assess common issues related to personal financial statement engagements.
Lesson 1—Interim Engagements
Lesson 2—Financial Statements Presented in Accordance with a Special Purpose Framework
Lesson 3—Personal Financial Statements