Preparation, Compilation, and Review Engagements: Update and Review
Online
4.00 Credits
Member Price $225.00
Non-Member Price $269.00
Overview
By reviewing the latest developments and issues relevant to preparation, compilation and review engagements, you’ll be able to adhere to professional standards while performing these types of engagements.
Objectives
- Identify the key economic factors that may affect clients and their financial statements.
- Recall the accountant's responsibility for going concern issues, subsequent events, fraud, and recommendations for minimizing fraud-related risk.
- Recall the requirements and resources applicable to the performance of SSARSs engagements.
- Identify some of the more common peer review findings in compilation and review engagements.
- Recall basic elements of some recently issued accounting standards and current and future FASB projects.
- Recognize the Financial Reporting Framework for Small
- and Medium-Size Entities (FRF for SMEsT) as an alternative to other special purpose frameworks and to accounting principles generally accepted in the United States.
- Identify recently issued quality management standards, the fundamentals of QC section 10,
- A Firm's System of Quality Control
- , and current independence and ethics issues.
- Identify current issues identified by the Accounting and Review Services Committee.
Highlights
Designed For
CPA firm seniors (and above) managing engagements performed in accordance with SSARS.
Prerequisites
Experience with engagements performed in accordance with SSARS.
Notice
You will receive an email from the AICPA with instructions to access the webinar.
Leader(s):
Leader Bios
Daryl Krause
Daryl G. Krause, CPA DG Krause LLC / Indianapolis, Indiana Mr. Krause has CPA certifications in several Midwestern states. He practices public accounting as manager and CEO of his regional CPA firm, DG Krause LLC, headquartered in Indianapolis, Indiana. Founded by Daryl in 2005, DG Krause LLC has been a member of the AICPA’s Employee Benefit Plan Audit Quality Center since 2005, and performs employee benefit plan audit services, for which Daryl serves as the sign-off partner. Since 2008, Daryl has been a frequent CPE program leader/facilitator for the AICPA, Surgent, the Ohio Society of CPAs, Indiana CPA Society, and other state societies throughout the United States of America, as well as in-house programs sponsored by firms and organizations. He was recognized as a Surgent Outstanding Discussion Leader during the 2018 CPE season. He has performed technical reviews during the development of certain AICPA CPE programs, and has been chosen periodically to instruct CPE programs for the AICPA’s own professional staff. He has been the author (and webcast presenter for the 8-hour program) of the AICPA’s primary 8- and 4-hour CPE programs Leases: Mastering the New FASB Requirements and The Bottom Line on the New Lease Accounting Requirements for each year since 2018. He is a contributing author to the AICPA’s CPE Direct Journal of Accountancy quarterly materials. Previously he enjoyed 23 years of diversified responsibilities with Ernst & Young. Industries he served as an auditor included manufacturing, construction, real estate, and financial services. Roles included Ohio Valley Area Director of Employee Benefit Plan Services (in which he was responsible for overseeing the audit services provided to over 500 ERISA employee benefit plans each year for an 8-year period) and senior manager in the Entrepreneurial Services group. As a senior manager in EY’s National Professional Development group for a 5-year period, he was involved in designing, developing and delivering core curriculum Audit and Entrepreneurial Services CPE training programs for the entire U.S. practice. Mr. Krause holds a Bachelor of Business Administration degree in accounting from the University of Wisconsin-Oshkosh.
Non-Member Price $269.00
Member Price $225.00