Introduction to Compilation Engagements

Overview

This CPE course is included in the 15-hour Preparation, Compilation, and Review Staff Essentials program. It can also be purchased as a part of the Review Engagements Series.

This innovative CPE course has been designed to provide a convenient, accessible way for firms to train their staff in this area of practice. With the introduction of the SSARS No. 21, Statement on Standards for Accounting and Review Services: Clarification and Recodification, this area of practice will be experiencing a level of change not seen in over 30 years. This CPE course provides fundamental training on the general principles and objective of a compilation engagement. This enhanced learning program contains a customized "learning coach" to create a flexible, engaging learning experience. This CPE course has also been updated to reflect the most recent changes resulting from the issuance of SSARS No. 22 and SSARS No. 23, to help practitioners comply with the latest developments in regulation.

Highlights

Key Topics

• The definition of a compilation engagement
• How a compilation engagement compares to other engagements
• The elements of a compilation engagement
• Independence
• Professional standards that apply to compilation engagements, including SSARS No. 21 - SSARS No. 23

Prerequisites

None

Objectives

Learning Outcomes

• Identify the objective and framework of compilation engagements.
• Recognize the elements that comprise compilation engagements.
• Determine independence issues related to a compilation engagement.