Description

In the beginning, CPA practitioners offered two types of attest services: audits and unaudited engagements. Auditors had plenty of authoritative guidance for choosing their auditing procedures and issuing reports but minimal guidance on performing and reporting on their unaudited engagements. In a landmark litigation in the 1960s, a CPA practitioner failed to detect an obvious fraud, ultimately leading to the AICPA creating well-defined, positive standards that birthed the Compilation and Review services in 1978.

Target Audience

Partners, managers and accountants looking to expand and update their understanding and knowledge.

Course Objectives

• Review the evolution of the Compilation and Review standards into its current SSARS 21 format
• Examine the key requirements of Sections 60-90 of SSARS 21 to support its practical application in performing Compilations, Reviews and Preparations

Subjects

• General Principles applicable to all SSARS engagements
• Compilations
• Reviews
• Preparations

Prerequisites

Experience with compilations or reviews.