Guide and Update to Compilations, Reviews, and Preparations - Virtual Experience

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  • Date/Time
    • Oct 23, 2024
    • Sign In: 10:30am (MT)
    • Program: 11:00am - 3:30am (MT)
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  • Location
    • Your Computer
      Your Space
      ISCPA / WASCPA Webinar, ID 00000
  • Credits
    • 4.00
  • Credit Type(s)
    • Auditing (4.00)
  • Prerequisites
    • Experience in performing and managing compilation, preparation, and review engagements

  • Vendor
    • Surgent
  • Level
    • Update
  • Fields of Study
    • Accounting & Auditing
    • Auditing
  • Message
    • Virtual Experience

Description

Specifically designed for preparation, compilation, and review practitioners, this course will provide you with a comprehensive review and hands-on application for performing financial statement preparation, compilation, and review engagements. You will learn the ins and outs of applying SSARS No. 21, Clarification and Recodification, as well as the additional guidance related to SSARS engagements through the issuance of SSARS Nos. 22-25 by the ARSC. The course will also review recent peer review feedback on SSARS engagements, providing insights on how to successfully apply this guidance. Not only will this course bring you up to date on SSARSs requirements and guidance, but more importantly, it will provide you with practical examples and illustrations to help you effectively and efficiently perform compilation, preparation, and review engagements.

Designed For

Accounting practitioners and their staff performing and managing compilation, preparation, and review engagement services

Objectives

When you complete this course you will:

  • Understand and apply SSARS No. 21, Clarification and Recodification
  • Be familiar with changes related to the issuance of SSARS Nos. 22-25
  • Be familiar with preparation, compilation, and review program examples
  • Be aware of the most recent reports and other required communications

Highlights

  • SSARS No. 21, Clarification and Recodification, and updates to SSARS No. 21 due to the issuance of SSARS No. 23, Omnibus Statement on Standards for Accounting and Review Services
  • SSARS No. 22, Compilation of Pro Forma Financial Information
  • SSARS No. 24, Omnibus Statement on Standards for Accounting and Review Services -- 2018
  • SSARS No. 25, Materiality in a Review of Financial Statements and Adverse Conclusions
  • Sample comprehensive engagement work programs for preparation, compilation, and review engagements

Advanced Prep

  • Manual will be available to download in the meeting room
  • Test your computer/device for compatibility with virtual meeting space well in advance of your webinar
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    Leaders

    Robert Wells

    Robert "Wayne" Wells has 51 years of experience in public accounting and annually instructs numerous continuing education seminars and in-firm training classes for continuing education providers in the areas of accounting, auditing, fraud, and taxation.

    Wells began his career in public accounting in 1970 with the national firm of what was then Touch?, Ross & Co. in Nashville, Tennessee. In 1974, he joined a local firm in Nashville and provides accounting, auditing, fraud investigations, and tax services to small- and medium-sized businesses as well as extensive tax services to individuals.

    Wells graduated from Austin Peay State University in Clarksville, Tennessee in 1970 with a Bachelor of Science degree in accounting and economics. He holds a certified public accountant certificate in Tennessee, and is also a Certified Fraud Examiner. He is a member of the Tennessee Society of Certified Public Accountants, the Association of Certified Fraud Examiners, and the American Institute of Certified Public Accountants. He is a recipient of the Outstanding Discussion Leader Award presented by the Tennessee Society of Certified Public Accountants, the Outstanding Discussion Leader Award presented by the AICPA, and an Outstanding Discussion Leader Award presented by Surgent..

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