The competency and review curriculum is designed to present competencies in an order that is recommended for new hires for their first two years and as an update for professionals at all organizational levels. Each of the three competencies listed are mapped to specific courses that should be taken in the order presented to help the participant become knowledgeable in each competency area.
| 1. Develop a foundational understanding for simple engagements or to assist on larger, more complex engagements. | |||
| Title | Level | CPE Credits | |
|---|---|---|---|
| Compilation and Review: GAAP Issues (Second Edition) | Basic | 1.0 | |
| Compilation and Review: The Engagement (Second Edition) | Intermediate | 5.0 | |
| Compilation and Review: Financial Statements (Second Edition) | Advanced | 4.0 | |
| Compilation and Review: SSARS No. 9 | Intermediate | 3.0 | |
| Compilation and Review: SSARS Nos. 10-14 | Update | 3.0 | |
| Compilation and Review: SSARS Nos. 15-17 | Overview | 3.0 | |
| 2. Understand independence rules. | |||
| Title | Level | CPE Credits | |
| Independence Rules that Affect Compilation and Review Engagements | Overview | 4.0 | |
| 3. Develop an advanced understanding to complete an engagement and understand advanced issues. | |||
| Title | Level | CPE Credits | |
| Compilation and Review: Financial Statements (Second Edition) | Advanced | 4.0 | |
| Compilation and Review: Practice Issues (Second Edition) | Advanced | 4.0 | |
Course Levels:
Basic: Describes the level most beneficial to CPAs new to a skill or attribute. Covers fundamental principles and skills. This level is usually for participants with limited or no exposure to the subject.
Intermediate: Builds on a basic level program in order to relate fundamental principles or skills to practical situations and extend them to a broader range of applications. This level is for participants with some exposure to the subjects. Such persons are often at the mid-level within the organization, with operational and/or supervisory responsibilities.
Advanced: Focuses on the development of in-depth knowledge, a variety of skills or a broader range of applications. This level is for participants with significant exposure to the subjects. Advanced level programs are often appropriate for high-ranking persons within organizations; however, they may also be beneficial for lower level professionals with specialized knowledge in a subject area.
Update: Provides a general review of new developments. This level is for participants with a background in the subject area that desire to be kept current.
Overview: Develops a broad perspective in a subject area. These programs may be appropriate for professionals at all organizational levels.
