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Performing Preparation, Compilation and Review Engagements

Friday, Nov. 13   3:00pm - 5:00pm

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2.00 Credits

Member Price $89.00

Non-Member Price $109.00

Overview

Compliance with standards

Do you perform preparation, compilation, or review engagements? Staying in compliance with all professional standards surrounding engagements performed in accordance with Statements on Standards for Accounting and Review Services (SSARSs) is essential to your engagements.

You’ll gain insight into how to perform these engagements in accordance with the relevant guidance.

Building a foundation for successful engagements

You’ll cover several key topics to help you complete preparation, compilation, or review engagements successfully and compliantly. Topics covered include:

  • Frameworks, objectives, and general principles
  • Standards and guidance
  • Documentation

    Objectives

    • Identify the framework and objectives of preparation engagements and of compilation engagements, and the general principles and objective of review engagements.
    • Recall the performance requirements for an engagement to prepare financial statements.
    • Recognize the documentation requirements for preparation engagements, compilation engagements, and review engagements.
    • Recognize the elements that make up a compilation engagement and the elements that make up a review engagement.
    • Distinguish a compilation engagement from a preparation engagement.
    • Identify the performance requirements for a compilation engagement and the performance standards for a review engagement.
    • Recognize the effects of a change in level of service from an audit to a review.

    Highlights

  • Engagement objectives
  • Performance requirements and standards
  • Documentation
  • Differences between compilation and preparation engagements
  • Engagement criteria
  • Changes in level of service

    Designed For

  • CPA firm staff

    Prerequisites

    None

    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

    Daryl has CPA certifications in several Midwestern states. Since 2008, Daryl has been a frequent CPE program leader/facilitator for the AICPA, Surgent, the Indiana CPA Society, and other state societies throughout the United States, as well as for in-house programs sponsored by firms and organizations. He was recognized as a Surgent Outstanding Discussion Leader during the 2023, 2021, 2020, and 2018 CPE seasons. He was also a recipient of a 2021 Outstanding Facilitator Award issued by the AICPA & CIMA. He is experienced in both live and virtual CPE training delivery. He has served in a variety of parts in the CPE delivery process, including performing technical content reviews, serving as author and contributing author to programs and technical publications, presenting webcasts for video recordings, and monitoring rebroadcasts of such webcasts. Daryl founded DG Krause LLC in 2005. DG Krause LLC performed employee benefit plan audit services from April of 2005 through October of 2023. Daryl served as the primary performer of these engagements as well as serving as the sign-off partner. Previously, he enjoyed 23 years of diversified responsibilities with Ernst & Young. Daryl served as an auditor for many industries, including manufacturing, construction, real estate, and financial services. Daryl’s 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 eight-year period) and senior manager in the Entrepreneurial Services group. As a senior manager in EY’s National Professional Development group for a five-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.

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    Non-Member Price $109.00

    Member Price $89.00