KSDT L&D: Compilations, Reviews, and Preparations: Engagement Performance and Best Practices [2 CPE]

Compilations, Reviews, and Preparations: Engagement Performance and Best Practices

Specifically designed for preparation, compilation, and review practitioners and their staff, this course will provide you with a comprehensive review and hands-on application for performing financial statement preparation, compilation, and review engagements. You will learn the ins and outs of SSARS No. 21, Clarification and Recodification.

This course will be presented by Mitch Stein, CPA, KSDT Assurance Partner and support members to review KSDT best practices

Presentation Date: January 12, 2021

Time:  12pm – 2pm

Designed For
KSDT CPAs, EAs, tax preparers and other tax professionals with responsibility for compilations and review engagement

Topics Covered

  • SSARS No. 21, Clarification and Recodification, and updates to SSARS No. 21 due to the issuance of SSARS No. 23, Omnibus Statement on Standards for Accounting and Review Services
  • SSARS No. 22, Compilation of Pro Forma Financial Information
  • SSARS No. 24, Omnibus Statement on Standards for Accounting and Review Services – 2018
  • Proposed changes to the SSARS
  • Sample comprehensive engagement work programs for preparation, compilation and review engagements
  • Reporting and disclosure illustrations for each level of service, including attesting on personal financial statements, prescribed form, special purpose framework and other engagement variations
  • Other communication requirements, such as sample engagement letters and management representation letters
  • Going concern reporting implications on SSARS engagements due to COVID-19 and other issues

Learning Objectives

  • Understand, apply SSARS No. 21, Clarification and Recodification
  • Be familiar with changes due to the issuance of SSARS Nos. 22-25
  • Be familiar with compilation and review program examples and disclosure illustrations
  • Identify and apply compilation, preparation, and review procedures
  • Be aware of the most recent compilation and review reports and other communications
  • Utilize hands-on examples and illustrations to increase your overall understanding and application of the material

Level
Beginner

Instructional Method
Group Live

NASBA Field of Study:  Taxes (2 CPE hours)

Program Prerequisites
None

Advance Preparation
None

Date

Jan 12 2021
Expired!

Time

12:00 pm - 2:00 pm

Labels

Tax

Location

Microsoft Teams (Only)