Reporting on Review 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 requirements associated with reporting on review engagements performed in accordance with SSARSs. 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.
Objectives:
Learning Outcomes
- Determine reporting options for review engagements
- Recall the elements of the standard review report
- Identify common modifications to the standard review report
- Recall the report modifications required for SPF financial statements
Major Topics:
Key Topics
- Standard review reports
- Common modifications to a standard review report
- Report modifications for Special Purpose Framework (SPF) financial statements
- Potential effects of International Financial Reporting Standards (IFRS), IFRS for SMEs, and private company accounting standards on financial accounting for private companies