Compliance is key to a successful engagement. You'll learn how to stay in compliance with all professional standards relevant to your preparation, compilation, and review engagements.
DESIGNED FOR
CPA firm staff
BENEFITS
- Identify the framework and objectives of preparation engagements and of compilation engagements, and the general principles and objective of review engagements.
- Recall the performance requirements for an engagement to prepare financial statements.
- Recognize the documentation requirements for preparation engagements, compilation engagements, and review engagements.
- Recognize the elements that make up a compilation engagement and the elements that make up a review engagement.
- Distinguish a compilation engagement from a preparation engagement.
- Identify the performance requirements for a compilation engagement and the performance standards for a review engagement.
- Recognize the effects of a change in level of service from an audit to a review.
HIGHLIGHTS
Engagement objectives
Performance requirements and standards
Documentation
Differences between compilation and preparation engagements
Engagement criteria
Changes in level of servicePREREQUISITES
None