AUP2
A&A Update 2010, Part 2: Compilation and Review Update -- How SSARS 19 Will Affect Your Compilation and Review Engagements

Date/Time: Wednesday, October 13, 1-3 p.m. Eastern Time

This course provides an overview of new developments in the area of compilation and review, including up-to-date coverage of the latest SSARS 19 developments.

Major Topics:

• ARSC’s focus for the future, the four big projects
• SSARS 19 and the restructuring of compilation and review literature
• Compilation review and audit and how they differ
• SSARS Interpretations 29, 20, and 31
• Preparing financial statements - clarification
• The framework and objectives document
• The reliability project -- progress to date

Learning Objectives:

• Describe the major projects that ARSC is currently working on
• List the major changes that have taken place in SSARS guidance in the past twelve months.
• Explain the major changes brought about by SSARS 19
• Explain how assurance differs between compilation, review, and audit engagements
• Identify the issues involved when CPAs provide internal control assistance and the ARSC’s response via the reliability project

Designed for: Accountants in public practice and industry who need a comprehensive review of recent developments in this area.

Presenters: Dr. Bill Engelbret, CPA, Dr. Ray Thompson, CMA, CBA

Level of Knowledge: Update

CPE Credits: 2, Auditing

Prerequisites: None