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Checkpoint Learning Certificate Program
COMPILATION AND REVIEW CERTIFICATE PROGRAM
 

Compilation and review standards have changed. Are you keeping up?

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The tax and accounting world has faced a whirlwind of change in the last several years — including changes to SSARS and how CPAs prepare financial statements. The AICPA Accounting and Review Services Committee’s issuance of SSARS 21 revised the standards for reviews, compilations and engagements to prepare financial statements. Keeping up with the latest SSARS changes is important for peer review implications and also provides opportunities to streamline business.

With the Checkpoint Learning Compilation and Review Certificate Program from Thomson Reuters, new practitioners can learn the background and basics, and experienced practitioners can be assured they are up to date on the most current guidance and practice issues.

This program provides details and practice issues relating to these standards so you can better understand their impact on your engagements. It explores all four sections of SSARS 21 as well as SSARS 22 and 23, highlights the changes from previous standards and provides examples of how to incorporate the standards into your engagements.

 
Program Details

The full program is comprised of seven interactive online courses that provide a detailed overview of compilation, review and preparation issues plus a comprehensive web-based final exam to test understanding of core concepts. Candidates in need of continuing education will be able to earn 29 CPE credits.
 

Online Self-Study Courses

Final Exam
The program includes a comprehensive, web-based final exam consisting of 70 multiple-choice questions to test understanding of core concepts. Note, each individual course concludes with an exam for CPE credit.
 

CPE Credits
The Compilation and Review Certificate Program provides learners with the opportunity to earn up to 29 Continuing Professional Education credits.
 

Program Duration
The program can be completed in as little as one week or at your own speed for up to one year.
 

Compilation and Review Certificate
Those who successfully complete the program will be mailed a Checkpoint Learning Compilation and Review Competency Certificate. Certificate holders can add this accomplishment to their resume or LinkedIn® profile and opt to be published on a list of program graduates on the Checkpoint Learning website.
 

Questions
If you have additional questions on this certificate program, please call us at 800.231.1860.
 

Cost
$499 per user
Buy Now
Or, to purchase multiple seats for your team or firm, please call us at 800.231.1860.
 


 
 
Online Self-Study Course Descriptions

Compilations — An Overview (4 CPE credits). Get an overview of 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.

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Title:
Compilations — An Overview
Format:
Online self-study course
Prerequisite:
None
Advance Preparation:
None
Knowledge Level:
Basic
Field of Study:
Auditing
Recommended CPE Credits:
4 QAS/Registry (50-minute hour)
Expiration Date:
One year from date of receipt to complete program and submit quizzer to obtain credit
Passing Grade for Quizzer:
70 percent or higher

 

Compilations and Review Guide — Preparation (1 CPE credit). Get an overview of preparation engagements. Although there are fewer authoritative standards for these engagements, they far outnumber the quantity of audits performed each year. The performance of preparation engagements is discussed as well as performing engagements on financial statements prepared on a basis of accounting other than U.S. GAAP.

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Title:
Compilations and Review Guide — Preparation
Format:
Online self-study course
Prerequisite:
None
Advance Preparation:
None
Knowledge Level:
Basic
Field of Study:
Accounting
Recommended CPE Credits:
1 QAS/Registry (50-minute hour)
Expiration Date:
One year from date of receipt to complete program and submit quizzer to obtain credit
Passing Grade for Quizzer:
70 percent or higher

 

Compilations and Review Guide — Reviews (2 CPE credits). Get the guidance you need on review engagements. Although there are fewer authoritative standards for these engagements, they far outnumber the quantity of audits performed each year. The professional standards for completing and identifying review engagements are discussed. Elements of the review report and various reporting possibilities for such reports are also covered.

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Title:
Compilations and Review Guide — Reviews
Format:
Online self-study course
Prerequisite:
None
Advance Preparation:
None
Knowledge Level:
Basic
Field of Study:
Auditing
Recommended CPE Credits:
2 QAS/Registry (50-minute hour)
Expiration Date:
One year from date of receipt to complete program and submit quizzer to obtain credit
Passing Grade for Quizzer:
70 percent or higher

 

Compilation and Review Standards (8 CPE credits). This course walks through the entire compilation and review codification by SSARS 21 as amended by SSARS 23, Omnibus Statement on Standards for Accounting and Review Services followed by SSARS 22, Compilation of Pro Forma Financial Information. It addresses the types of engagements that can be performed under the SSARSs: a preparation of financial statements engagement, a compilation engagement and a review engagement.

+ DETAILSDETAILS ↓ 
Title:
Compilation and Review Standards
Format:
Online self-study course
Prerequisite:
None
Advance Preparation:
None
Knowledge Level:
Basic
Field of Study:
Accounting
Recommended CPE Credits:
8 QAS/Registry (50-minute hour)
Expiration Date:
One year from date of receipt to complete program and submit quizzer to obtain credit
Passing Grade for Quizzer:
70 percent or higher

 

Preparing Personal Financial Statements (6 CPE credits). Want answers to your questions on the preparation of personal financial statements? This course is a masterful guide to nailing down and retaining the facts about the preparation of personal financial statements. Coverage of past and present GAAP is detailed and clearly written, The AICPA Statements on Standards for Accounting and Review Services: Clarification and Recodification (SSARS 21) effective for periods ending on or after December 15, 2015, are covered as well as the 2015 edition with conforming changes of the Audit and Accounting Guide, Preparation, Compilation and Review Engagements. Valuing assets and liabilities, calculating current and future income tax liabilities and procedures for preparation, compilation, review and audit of personal financial statements are among the other important topics examined.

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Title:
Preparing Personal Financial Statements
Format:
Online self-study course
Prerequisite:
Two to four years of accounting
Advance Preparation:
None
Knowledge Level:
Basic
Field of Study:
Accounting
Recommended CPE Credits:
6 QAS/Registry (50-minute hour)
Expiration Date:
One year from date of receipt to complete program and submit quizzer to obtain credit
Passing Grade for Quizzer:
70 percent or higher

 

Practice Issues for Compilations, Reviews and Preparation Engagements (6 CPE credits). This course covers practice issues that an accountant may face during a compilation, review or preparation engagement performed in accordance with SSARS 21. Some of the practice issues covered include dealing with tax-basis financial statements, use restrictions of financial statements, engagement letter design, gathering review evidence and liability and risks associated with these types of engagements.

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Title:
Practice Issues for Compilations, Reviews and Preparation Engagements
Format:
Online self-study course
Prerequisite:
General understanding of U.S. GAAP
Advance Preparation:
None
Knowledge Level:
Overview
Field of Study:
Auditing
Recommended CPE Credits:
6 QAS/Registry (50-minute hour)
Expiration Date:
One year from date of receipt to complete program and submit quizzer to obtain credit
Passing Grade for Quizzer:
70 percent or higher

 

Preparing for an Engagement Review (2 CPE credits). This course explains how to prepare for an engagement review. It will also explain what an engagement review is comprised of and how often firms are subjected to them.

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Title:
Preparing for an Engagement Review
Format:
Online self-study course
Prerequisite:
None
Advance Preparation:
None
Knowledge Level:
Basic
Field of Study:
Auditing
Recommended CPE Credits:
2 QAS/Registry (50-minute hour)
Expiration Date:
One year from date of receipt to complete program and submit quizzer to obtain credit
Passing Grade for Quizzer:
70 percent or higher