Preparing Financial Statements for Clients Webcast

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Online registration for this course is now closed. Please contact the Member Service Center at
(800) 342-3197 if you wish to inquire about registering.

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Overview

4.0 Credits
ONLINE

This course reviews standards for preparation services. In addition, address the risks faced by accountants who provide these services and what it takes to minimize those risks.

The course will also offer guidance for the professional judgments accountants must make when providing these services.

This course, taken with another 4-unit course, is an ideal way to meet the 8-unit accounting CPE requirement for accountants who prepare financial statements, but perform no compilations, reviews or audits.  Small-Business Financial Statements (FRF) can provide the other four CPE units.   Start-up and Small Business Financial Statements: Issues and Fraud (SSFR) is a companion course designed to meet the 4-unit fraud requirement, but also qualifies as accounting CPE.

Materials are provided as an ebook for this course.

Objectives

The goal of this course is to ensure that you have a current knowledge and understanding of the AICPA’s professional standards for preparations of financial statements and are able to apply them to reduce the risk of material misstatements whether caused by fraud or error.

Major Topics

  • Misstatements
  • Materiality
  • Related parties
  • Going concern uncertainties
  • Client acceptance and continuation
  • Engagement letters
  • Prospective financial statements
  • Documentation

Designed For

Accountants and financial professionals.

Prerequisite

None.

Advanced Preparation

None.