Comps, Reviews and Preparations-How the Accounting Profession Got it Right WEBCAST
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.
Highlights
General principles applicable to all SSARS engagements. Compilations. Reviews. Preparations.
Prerequisites
Experience with compilations or reviews.
Designed For
Partners, managers and accountants looking to expand and update their understanding and knowledge.
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.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Richard Ferdinand, Richard A Ferdinand CPA
Richard Ferdinand is the Chief Financial Officer of Werner Publishing Company, a publisher of special interest magazines in the fields of aviation, photography, and golf. Mr. Ferdinand previously spent 20 years in the public sector as a sole practitioner specializing in audits, accounting and review services and special consulting engagements. Rich is a past recipient of the Outstanding Instructor Award from the AICPA and the California CPA Foundation award for Instructor Excellence. He received his MBA from the University of Chicago and B.A. in mathematics from Colgate University.
Non-Member Price $209.00
Member Price $159.00