Improve your proficiency in reducing the risk of material misstatements-whether caused by fraud or error. This course will deepen your understanding of the AICPA’s professional standards for compilations and reviews. Through review questions and case studies, we’ll probe the practical meaning of professional standards and address the professional judgments and considerations related to minimizing misstatements, legal exposure and peer review deficiencies.
Fraud. Misstatements. Materiality. Revenue recognition. Related parties. Going concern uncertainties. Engagement letters. Documentation and peer review considerations.
Experience with compilations or reviews.
Partners, managers and accountants.
Identify potential problem areas concerning compliance with the standards for compilations and reviews. Determine ways to apply professional standards to situations commonly encountered in public practice. Recognize ways to minimize the risk of association with financial statements containing material misstatements, whether caused by fraud or error.
Richard Ferdinand is the Chief Financial Officer of Werner Publishing Company, a publisher of special interest magazines in the fields of aviation, photography, and golf. Mr. Ferdinand previously spent 20 years in the public sector as a sole practitioner specializing in audits, accounting and review services and special consulting engagements.
Rich is a past recipient of the Outstanding Instructor Award from the AICPA and the California CPA Foundation award for Instructor Excellence. He received his MBA from the University of Chicago and B.A. in mathematics from Colgate University.
Non-Member Price $399.00
Member Price $299.00