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Compilation and Review: Issues and Updates (COMP8OS)

 
Facility:
CPE Credit:8.0 Accounting and Auditing
Vendor:Florida Institute of CPAs
Course Level:Advanced

Description:

The following course is an on-site training event.

Let the FICPA come to you and provide your team with the highest quality customized in-person education they can receive without ever leaving the office. For more information about on-site programs, please use our contact page.



Objectives:
Provide the participants with a timely update on the new preparation, compilation and review standards in SSARS 21 for 2016. Also, provide a review of selected revised professional compilation and review standards that still apply from earlier years, including the preparation of personal financial statements and other comprehensive basis of accounting (OCBOA). The impacts of the Revised Code of Professional Conduct on preparation,

Major Topics:

The major topics of this course include:

  • New compilation and review standards for 2016 and 2015, including SSARS 21
  • New engagement, reporting, and documentation issues about Preparation of Financial Statements, Compilations and Reviews
  • New issues in Preparation, Compilation and Review engagement letters and review representation letters specified in SSARS 21 and earlier SSARSs
  • An advanced look at documentation standards will be reviewed for changes required by new preparation, compilation and review standards
  • Updates on previously issued standards that may still apply and their involvement with SSARS 21
  • Status of IASB and International Financial Reporting Standards status as applies to compilation and review engagements
  • Further updates that impact on compilation and review engagements that include: new Quality Control Standards (SQCS8) and its requirements; status of “Mobility” issues combined with “Substantial Equivalency”; status of Peer Review and related regulatory problems and changes in Florida Statutes and Florida Administrative Code
  • Ethics 1.295 will be explored for revisions and updates in attest/nonattest applications specifically dealing with preparation, compilation and review issues
  • Any other matters deemed appropriate and timely


Who Should Attend:

Professionals in public practice, industry, government and education who deal with nonpublic entities and need a course on compilation and review engagements and procedures.



Prerequisite:
Experience in preparing/reviewing financial statements and knowledge of applicable accounting standards.


Note:

Let the FICPA come to you and provide your team with the highest quality customized in-person education they can receive without ever leaving the office. For more information about on-site programs, please use our contact page.


Session/Options

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