Course Information

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Compilation and Review: The Engagement (Second Edition)
Author: Steven C. Fustolo, CPA

Description:

This course explores how accounting firms prepare for engagements, conduct the engagements in accordance with ethical and professional standards, manage special situations encountered in compilation or review engagements, and maintain independence under revised AICPA interpretations of proper objectivity of CPAs. The course concludes by exploring opportunities for practitioners to offer new services related to existing compilation and review work.

Topics covered include:

  • Compilation and review requirements
  • Drafting engagement letters
  • Consideration of fraud and internal control in a compilation or review engagement
  • Analytical procedures in a review engagement
  • Using staff in a compilation and review engagement
  • Responsibility for incomplete information in a compilation engagement
  • Compiling pro forma information
  • Revision of Interpretation No. 101-3
  • Engagement complexities
  • Using OCBOA financial statements for engagement profitability

Course Details:
Price:  $60.00
Field of Study:  Auditing
Prerequisites:  Compilation and Review: GAAP Issues (Second Edition), or equivalent knowledge
Level:  Intermediate
Course was last updated on:  05/11/06
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Library:
Accounting and Audit

Technical Requirements:
To view and print downloadable content files available in this program, you will need Adobe Acrobat Reader. You can download the free Reader plugin at Adobe's website by clicking on the icon below, then following the instructions for installation on your computer.
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Credit Available For: Units
CPE 5.0 CPE
QAS 5.0 CPE
CFP® (Accepted by the CFP Board) 5.0 CPE
Enrolled Agent (Accepted by the IRS) 5.0 CPE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

User Reviews
Reviewer: Rachel V. submitted on 12/31/2008
5
Reviewer: Dale A. submitted on 12/30/2008
Extremely relevante
Reviewer: Robert S. submitted on 12/15/2008
Relevance
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