Compilation, Review, and Preparation: Reporting on Review Engagements
Authored by James L. Ulvog ;CPA
About this Course
This course addresses the components of SSARS that apply to performing a review engagement. It describes the accountantâ€™s review report issued at the conclusion of a review engagement. Upon completion of this course, you will be able to: Describe the required elements of an accountant's review report. Describe the reporting requirements when the financial statements are prepared using a special purpose framework. Describe how the accountant responds when becoming aware of possible fraud or noncompliance with laws and regulations. This includes communications with the client and possible modifications of the accountant's report. Describe the requirements for an emphasis-of-matter paragraph. Describe the steps taken by an accountant when a departure from the applicable financial reporting framework is identified. Describe possible modifications to the accountant report for a known departure from the financial reporting framework.
Knowledge of SSARS rules on compilations and review procedures