Participants will go over the changes on preparation, compilation and review engagements using SSARS rules, followed by a general overview of how to perform these services. This interactive workshop is designed for practitioners in small and medium-sized CPA firms and will include a lecture with generous time for questions and case studies.
Learning Objectives
- Implement those changes needed due to COVID-19
- Explain the difference between preparation, compilation, and review usage including when to use each service
- Describe usage of the new compilation and review reports
- Demonstrate FRF vs. GAAP accountant reports for your client
- Describe the changes to the SQCS becoming SQMS
- Develop checklists to use for preparations, compilations, and reviews
- Employ materiality rules to Review Services
- Summarize required analytical procedures
- Interpret documentation rules for a review
- Employ alternatives to standard reporting services
- Discuss practical ideas and ways to implement relevant changes in the firm
- Identify and implement keys to profitable engagements
- Apply the SSARS rules
Major Topics
- Preparation, Compilations and Reviews
