Comps, Reviews & Preparations-How the Accounting Profession Got it Right 2024

Tuesday, April 22, 2025
Webcast or Webinar, Online
11:00AM - 2:30 PM (opens at 10:30AM) EST
4Credits

Registration is Open

Members
$159.00 Regular Price
Non-Members
$209.00 Regular Price

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$80.00 Members / $112.00 Non-Members
Course Type: Webcast
Course Code: 25/1125189
Level: Advanced
Vendor: California CPA Education Foundation
Field of Study: Accounting

Overview:

In the beginning, CPA practitioners offered two types of attest services: audits and unaudited engagements. Auditors had plenty of authoritative guidance for choosing their auditing procedures and issuing reports but minimal guidance on performing and reporting on their unaudited engagements. In a landmark litigation in the 1960s, a CPA practitioner failed to detect an obvious fraud, ultimately leading to the AICPA creating well-defined, positive standards that birthed the Compilation and Review services in 1978.

Objectives:

• Review the evolution of the Compilation and Review standards into its current SSARS 21 format • Examine the key requirements of Sections 60-90 of SSARS 21 to support its practical application in performing Compilations, Reviews and Preparations

Major Topics:

• General Principles applicable to all SSARS engagements • Compilations • Reviews • Preparations

Major Topics:

• General Principles applicable to all SSARS engagements • Compilations • Reviews • Preparations

Designed For:

Partners, managers and accountants looking to expand and update their understanding and knowledge.

Prerequisites:

Experience with compilations or reviews.