- NY Credits : 4.0
- TX Credits : 4.0
Compilations - An Overview
This program provides accountants with guidance on compilation engagements. Although there are fewer authoritative standards for these engagements, they far outnumber the quantity of attest engagements performed each year. The standards and applicable guidance to planning of engagements is provided in the introductory chapter. The performance of compilation engagements is discussed with a separate chapter on reporting. This course meets the compilation requirement for Oklahoma.
Upon successful completion of this course, the user should be able to:
identify the differences between a preparation, a compilation, and a review engagement,
recognize the applicability of Statements on Standards for Accounting and Review Services (SSARS) to compilations,
identify the objectives and procedures for compilation engagements,
identify the performance requirements of a compilation of financial statements, and
identify the contents of an engagement letter for a compilation engagement and standard compilation report.