This presentation will provide an overview of the top issues related to reviews, compilations and financial statement preparation, changes to AR-C sections and current activities of the AICPA Accounting and Review Services Committee (ARSC). It will also outline key performance, documentation and reporting requirements for practitioners conducting these engagements.
DESIGNED FOR
CPAs in public practice
BENEFITS
Gain a deeper understanding of how to reduce liability risks while also staying current on significant changes and quality management requirements.
HIGHLIGHTS
This session will Cover:
- Common claims
- Liability defense
- Best practices to mitigate liability
- Key changes to AR-C Sections 60, 70, 80, and 90 from SSARS Nos. 26 & 27, including quality management and engagement letter updates
- Scope and practical use of AR-C Section 70 for preparing financial statements
- Recent AICPA ARSC standard-setting efforts and guidance
SPONSORED BY
PREREQUISITES
None
ADVANCE PREPARATION
None