Compilations and Reviews: Risks, Procedures and Fraud 2022 ON DEMAND

Overview

This course reviews standards for accounting and review services focusing on the risks faced by accountants who provide these services and on what it takes to minimize those risks. It offers guidance for the professional judgments accountants must make when providing these services.

Highlights

Fraud. Misstatements. Materiality. Revenue recognition. Related parties. Going concern uncertainties. Engagement letters. Documentation and peer review considerations.

Prerequisites

None.

Designed For

CPAs and accounting professionals.

Objectives

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.

Preparation

None.

Notice

None.