- NY Credits : 8.0
- TX Credits : 8.0
Compilation and Review Standards
The purpose of this course is to inform the reader of the various changes made to the entire compilation and review codification by SSARS No. 21. The course addresses all three types of engagements that can be performed under the SSARSs including: a preparation of financial statements engagement, a compilation engagement, and a review engagement. This basic level course is most beneficial to professionals new to regulations pertaining to compilations and reviews who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to this topic.
Upon successful completion of this course, the user should be able to:
identify some of the changes in SSARS No. 21, as amended by SSARS No. 23,
recall the impact from AR-C 70,
recall the objective of a compilation engagement under AR-C 80 of SSARS No. 21,
recognize the requirements of a review engagement under AR-C 90 of SSARS No. 21,
recall the items that should be documented in a review engagement, and
recognize the effective dates of new SSARS No. 21 including early implementation options.