Audit 103: Adapting to the Engagement - Complying with SSARS
Tuesday, February 04, 2025
Webcast or Webinar, Online
11:00AM - 1:00 PM (opens at 10:30AM) EST
2Credits
Accounting and Auditing
Registration is Open
Members
$89.00 Regular Price
Non-Members
$119.00 Regular Price
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Course Type: Webcast
Course Code: 24/CX49612
Level: Basic
Vendor: CPA Crossings, LLC
Field of Study: Auditing
Overview:
Adapting to the Engagement - Differentiating the Requirements of Preparations, Compilations, Reviews, and Audits is a critical foundational course. A CPA may perform various attest services under relevant professional standards, including compilations, reviews and audits. Reviews and audits are also considered assurance services, providing either limited or reasonable assurance that financial statements are free of material misstatement. In addition, the CPA may perform non-attest services, such as bookkeeping or preparation of financial statements. CPAs must fully understand the professional responsibilities related to each of these varying levels of services, in order to effectively and efficiently satisfy engagement objectives. Note: This course is recommended as a part of a 16-hour audit skills curriculum for beginning auditors and attest providers, while it is also appropriate for anyone who has assurance responsibilities under the SSARS. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.Objectives:
Upon completion of this course, you will be able to...
- Recall how to avoid litigation risk in bookkeeping services
- Recall the basis and requirements for a compilation contrasted with preparing financial statements
- Identify special purpose framework and other issues
- Recognize the basis and requirements for a review
- Recall the basis and fundamental requirements for an audit
Major Topics:
The major topics covered in this course include:
- Compare and contrast the basis and requirements of preparing financial statements, compilations, reviews, and audits
- Critical elements of compilation, review, and audit reports
- Impact of special purpose accounting frameworks and other special issues
- Exercise on designing inquiries and analytics in a review
- Case study differentiating the scope of various non-attest and attest services
- Avoiding litigation risks in accounting services
Major Topics:
The major topics covered in this course include:
- Compare and contrast the basis and requirements of preparing financial statements, compilations, reviews, and audits
- Critical elements of compilation, review, and audit reports
- Impact of special purpose accounting frameworks and other special issues
- Exercise on designing inquiries and analytics in a review
- Case study differentiating the scope of various non-attest and attest services
- Avoiding litigation risks in accounting services