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How to Conduct a Compilation Engagement ON DEMAND

Available Until

Your Desk

1.0 Credits

Member Price $29.00

Non-Member Price $33.00

Overview

This is a specialized course designed to demystify the process of compilation engagements for accounting professionals. It features an in-depth exploration of the steps and responsibilities outlined in SSARS 21, providing clarity on this less-intensive alternative to audits and reviews. Participants will benefit from detailed guidance on preparing engagement letters, compiling reports, and assembling documentation following a compilation engagement. The course also covers the accountant’s responsibilities when engaged to prepare financial statements, offering insights into the ethical and professional considerations involved. By focusing on practical applications, this course equips professionals with the necessary skills to conduct compilation engagements efficiently, enhancing their ability to provide valuable services to clients while adhering to the latest standards and best practices

Highlights

Conducting compilation engagement. Preparation of financial statements.

Prerequisites

None.

Designed For

CPAs, controllers, accountants, financing professionals, business owners, and managers.

Objectives

State the responsibilities of the accountant in a compilation engagement. List the steps usually taken during a compilation engagement. Identify the reasons why an accountant may withdraw from a compilation engagement. Describe the contents of the documentation assembled following a compilation engagement. State the responsibilities of the accountant who has been engaged to prepare financial statements.

Preparation

None.

Notice

None.

Leader(s):

Leader Bios

Steven Bragg, Western CPE

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.

Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).

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Non-Member Price $33.00

Member Price $29.00