2019 Preparation, Compilation and Review Update for the Local Firm  (CRUC4)

4.00 CPE Credit Hours

Compilation and review issues have dominated the profession during the past few years due to the updating of the literature by the SSARS Committee.

Designed For
CPAs managing compilations, reviews or accounting services.

Objective
This course offers a look at issues that practitioners have in implementing clarified SSARS section 70 "Preparation of Financial Statements", clarified SSARS section 80 "Compilation Engagements" and clarified SSARS section 90 "Review of Financial Statements". This course also includes several new cases for 2019 that will cover all aspects of SSARS application including accounting, disclosure and reporting from the perspective of a local firm practitioner. Several new accounting standards are integrated into the new cases, including the new revenue recognition and leasing standards. It also covers the proposed "Selected Procedures" (Agreed-upon Procedures "light") standard that is scheduled to be finalized in 2019.

Highlights

• Overview of preparation, compilation, and review guidance
• Accounting and reporting issues
• Current practice issues
• Common deficiencies in peer reviews
• Current and future standard setting projects
• Case studies
• Latest developments

Prerequisites
Experience with engagements performed in accordance with SSARSs

Advanced Preparation
None

Developer
Real World Seminars

Presenters
James Martin,

Level of Knowledge
Update