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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:
Cecil "Pat" Patterson Jr., CPA, MBA
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

Cecil "Pat" Patterson Jr., CPA, MBA's Profile

Cecil "Pat" Patterson Jr., CPA, MBA Related Seminars and Products

Partner/Owner

Patterson CPA Group, Inc.


Cecil Patterson, (Pat), is an award-winning, nationally recognized author, speaker, and discussion leader for continuing education courses and numerous state societies. He has experience at the local and national CPA-firm level and as an adjunct university professor. Pat holds an MBA from the University of North Florida and is a CPA with Patterson CA Group, Inc. His firm provides accounting, tax preparation and tax planning services, wealth management services, and consulting for businesses and other professional firms. The AICPA has recognized the firm for work in the “virtual office” field. Pat has served on the AICPA Council, the FICPA Council, and the FICPA Educational Foundation Board of Trustees.


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 06/28/2018
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. 


Reviews

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Overall:      4.6

Total Reviews: 56

Comments

Paula Y

"Pat is always the BEST!"