Adapting to the Engagement - Differentiating the Requirements of Preparations, Compilations, Reviews, and Audits is a critical foundational course. A CPA may perform various attest services under relevant professional standards, including compilations, reviews and audits.
DESIGNED FOR
Accountants who provide attest services, such as compilations, reviews and audits
BENEFITS
Upon completion of this course, you will be able to...
- Recall how to avoid litigation risk in bookkeeping services
- Recall the basis and requirements for a compilation contrasted with preparing financial statements
- Identify special purpose framework and other issues
- Recognize the basis and requirements for a review
- Recall the basis and fundamental requirements for an audit
HIGHLIGHTS
The major topics covered in this course include:
- Compare and contrast the basis and requirements of preparing financial statements, compilations, reviews, and audits
- Critical elements of compilation, review, and audit reports
- Impact of special purpose accounting frameworks and other special issues
- Exercise on designing inquiries and analytics in a review
- Case study differentiating the scope of various non-attest and attest services
- Avoiding litigation risks in accounting services
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None