Compilation and Review Practice Guide

Thursday, May 20 8:45am - 4:30pm

(Check-In 8:30am)

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8.00 Credits

Member Price $304.00

Non-Member Price $429.00

Overview

Compilation and review issues have dominated the profession during the past few years. This program addresses these changes and current performance requirements in the compilation and review literature such that practitioners will be able to perform these services in compliance with SSARS, while applying best practices for both efficiency and effectiveness.

Highlights

  • SSARS standards 
  • Compilation performance requirements 
  • Review performance requirements 
  • Documentation for compilations and reviews 
  • Special purpose frameworks financial statements 
  • Legal liability concerns and issues 
  • How to perform and document analytical procedures appropriately, including developing expectations 
  • Independence and the AICPA Code of Professional Conduct 
  • Non-attest services 
  • Common issues raised in peer reviews

Prerequisites

Basic familiarity with SSARS standards

Designed For

Practitioners who perform compilation and review engagements for non-public entities.

Objectives

  • Identify the performance requirements in the SSARS standards 
  • Effectively perform compilation, review, and preparation engagements utilizing the most recent guidance in effect. 
  • Efficiently document compilations and reviews 
  • Identify best practices when performing compilation and review engagements 
  • Address special purpose frameworks when performing compilation and review engagements

Notice

By registering for this program and, accordingly, receiving the eMaterials, you're acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy.

Leader(s):

Leaders

James Newhard

James J. Newhard, CPA, licensed as a CPA in Pennsylvania, is a discussion leader for Loscalzo Associates Ltd. and an established CPA practitioner with 37 years of practice in public accounting. Jim spent over 7 years of public practice with a regional and national CPA firm in their A&A departments. Subsequent to that, Jim established his own firm, James J. Newhard, CPA, in December 1986, committed to a focus on small business entrepreneurs, individuals, and not-for-profit organizations, and providing a variety of tax (preparation, planning, and controversy), accounting (review, compilation, and QuickBooks Pro-Advisor), business analytics and attestations, and advisory services to individuals, small-to-medium sized businesses, not-for-profit entities, estates, and trusts.

Jim is a member of the AICPA (including PCPS and Tax Section) and serves on the FRF for SMEs task force. He is also a long-time, very active and involved member of the PICPA, including many years of leadership in the Greater Philadelphia Chapter, including serving as Chapter President (2006–2007). He was the recipient of the Volunteer Service Award (2009) and the Champion Service Award (2012). Jim serves on several PICPA statewide committees, including the Committee on Accounting and Auditing Procedures, CPA Image Enhancement, Member Services, State & Local Taxation (as well as the Act 32 Task Force), and Legislation. At the Philadelphia Chapter level, Jim serves on the Committee on Local Taxation & Legislation Committee, Federal Tax, Member Services, and the Accounting & Assurance Committee. Jim serves as a member of PICPA Council (2015-2017), and serves on the Future of Education task force. Additionally, he now serves as the editor of the Accounting & Auditing column for the Pennsylvania CPA Journal (previously editor for practitioner’s column), has authored several columns and features, and has provided PICPA webinars on both PA local taxation and A&A update.

With a career-long focus on practitioner services and the essential client services, Jim serves as discussion leader for Loscalzo Associates in compilation and review, practitioner financial reporting and standards issues and updates (including revenue and leasing), tax matters programs, professional ethics (financial statement and circular 230 tax), Special Purpose Framework Financial Reporting, Financial Reporting Framework for SMEs, FASB and AICPA Update, and workpaper considerations and issues.

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Non-Member Price $429.00

Member Price $304.00