SSARS 21: New Compilation and Review (Currently Unavailable)

Author: Alan Anderson

Are you frustrated with how much time gets put into a compilation or review engagement? There ARE better ways to approach compilation and review engagements. This session will push the your thinking from a “same as last year” approach to revised thinking about both process and procedure that can enhance both efficiency and effectiveness.

What does performing a compilation or review engagement mean to you? How often do you truly plan these types of engagements? Many firms rarely focus on the differences between a compilation and review engagements. This session discusses effective ways plan and carry out these engagements with the goal of completing all of the work at once. The result of doing so will minimize or eliminate wrap up time and improve client service.

Publication Date: August 2016

Topics Covered

• What's Getting in the Way of Success
• Planning Compilation and Review Engagements
• How Much Documentation is Sufficient
• Improvements to Your Compilation and Review Workflow
• Steps Necessary to Accomplish and Change in Approach
• Conclusion

Learning Objectives

• Recognize the better ways to approach compilation and review engagements
• Identify the expected changes within the SSARS Clarity Project
• Recognize and apply the changes in SSARS 21
• Describe when the new standards for SSARS 21 begin
• Differentiate the starting point when carrying out compilation engagements
• Recognize when to apply the ethical code of due professional care

Level
Overview

Instructional Method
Self-Study

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites
None

Advance Preparation
None