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Live Webcast

Compilation and Review: Issues and Updates


Total Credits: 8 including 4 Accounting - Technical, 4 Auditing- Technical

Average Rating:
   56
Categories:
Accounting and Auditing |  Partner Produced
Speaker:
Eugene Ristaino
Course Levels:
Update
Duration:
8 Hours
License:
Product Setting: Expires 40 day(s) after program date.

Dates


Description

Learn about the new 2018 and 2017 preparation, compilation, and review professional standards, which represent many significant changes in authoritative professional standards like SSARS 21, 22, and 23. Engagement Letters, Reports, Disclosures, Documentation, and Ethical considerations from the newly Revised Code of Professional Conduct are explained, discussed, and examples are given for illustrations. Attest vs non-attest issues are dealt with including independence and 1.295.

Basic Course Information

Learning Objectives

*Provide the participants with a timely update on the new preparation, compilation and review standards in SSARS 21, SSARS 22, and SSARS 23 for 2018

*Also, provide a review of selected revised professional compilation and review standards that still apply from earlier years including the preparation of personal financial statements and using an other comprehensive basis of accounting (OCBOA)

*The impacts of the Revised Code of Professional Conduct on preparation, compilation, and review engagements are explored


Major Subjects

*New compilation and review standards for 2018 and 2017, including SSARS 21, SSARS 22, and SSARS 23

*New engagement, reporting, and documentation issues about Preparation of Financial Statements, Compilations, and Reviews

*New issues in Preparation, Compilation, and Review engagement letters and review representation letters specified in SSARS 21,22, and 23 and earlier SSARSs 

*An advanced look at documentation standards will be reviewed for changes required by new preparation, compilation and review standards 

*Status of IASB and International Financial Reporting Standards status as applies to preparation, compilation and review engagements 

*Further updates that impact on compilation and review engagements that include:  new Quality Control Standards (SQCS8) and its requirements; status of “Mobility” issues combined with “Substantial Equivalency”; status of Peer Review and related regulatory problems and changes

*Ethics 1.295 will be explored for revisions and updates in attest/nonattest applications specifically dealing with preparation, compilation and review issues 

*Updates on OCBOA issues

*Any other matters deemed appropriate and timely


Course Materials

Speaker

Eugene Ristaino's Profile

Eugene Ristaino Related Seminars and Products


Gene develops and provides Continuing Professional Education (CPE) Programs, including in-person seminars and on-line webinars. He also lectures for many industry associations, and has authored numerous professional education programs.  Gene provides tailored CPA programs to accounting firms as requested. Gene is also a national instructor for the American Institute of Certified Public Accountants (AICPA) and many state societies.

 

Gene Ristaino also provides valuation services for private companies, along with accounting and auditing consultation and technical reviews for small and medium-sized CPA firms.  His expertise includes consulting services for real estate developers and construction contractors in project costing and analysis, cost certification, claim support and documentation, expert witness, business valuation and job cost system implementation and improvement.

 

Gene is a retired partner of Isdaner & Company, LLC (2016), a local firm of 65 people in the Philadelphia area, and was the director of accounting, auditing and quality control for the firm. Gene managed a diversified accounting practice (over 40 years of experience), which included accounting and auditing and technical engagement review. Gene concentrated in: real estate and construction; healthcare (nursing homes); the governmental and not-for-profit auditing sectors (yellow book), HUD regulations and the Single Audit Act; as well as substantial experience with manufacturing, transportation, retail and service organizations.

 

Gene has provided expert testimony and/or issued expert reports in numerous litigation support engagements involving real estate transactions, construction claims, family disputes and embezzlement cases. He has provided expert testimony in two Court appearances. He has also prepared construction contract claims, back charge reports, and damage reports in dispute litigation and arbitration.

 

Gene is “Accredited in Business Valuation” (ABV) and “Certified in Financial Forensics” (CFF) as designated by the American Institute of Certified Public Accountants (AICPA). Gene has also achieved his designation of “Accredited in Business Appraisal Review” (ABAR) from the National Association of Certified Valuators and Analysts (NACVA).  Valuation and/or litigation engagements include construction contractors; leisure transportation; travel and tour agencies; manufacturing; real estate investment limited partnerships and LLCs; specialty restaurants; and family limited partnerships. Cases have included dissenting stockholder disputes; buy/sell transaction prices; estate and gift tax issues; and owner disputes. Gene has attended the Business Valuation Course, and the Fair Value Forum developed by the AICPA, the national Valuation Conference presented by the AICPA, as well as many national Forensic and Valuation Programs presented by the National Association of Certified Valuators and Analysts (NACVA).

 

Gene has a Masters in Taxation (MST) from Villanova University. His practice concentrated in corporate taxation for private companies, with a specialization in the real estate and construction industries.

 

Gene is a member of the American and Pennsylvania Institutes of Certified Public Accountants and previously served on the Peer Review and A&A Procedures committees for the Pennsylvania Institute of Certified Public Accountants. Gene was a team captain for the AICPA Peer Review Program, and has performed numerous peer reviews under the AICPA Standards.

 

Gene is a former adjunct professor of tax law for the Masters in Taxation Programs for Villanova University and Philadelphia University. He received his undergraduate BS degree in accounting from Drexel University, and earned his Masters in Taxation from Villanova University.


Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For

Professionals in public practice, industry, government, and education who deal with nonpublic entities and need a course in preparation, compilation and review engagements and procedures.


Original Recording Date 05/23/2018
Yellow Book No
Course Developer FICPA
Date Added to Catalog 03/27/2018

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method Group Internet Based
Course Registration Requirements

Online Registration 


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 


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Overall:      4.6

Total Reviews: 56

Comments

Paula Y

"Pat is always the BEST!"