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Performing Preparation, Compilation and Review Engagements

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AICPA Webcasts

Online, OK 00000

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2.00 Credits

Member Price $118

Non-Member Price $142

Overview

Comply With All Standards As You Prepare, Compile and Review Engagements
This webcast is a go-to reference for staying in compliance with all professional standards surrounding engagements performed in accordance with Statements on Standards for Accounting and Review Services (SSARSs).

Highlights

  • Definition of an engagement
  • Forms, checklists and other documentation for preparing, compiling and reviewing engagements
  • Explanation of the differences between compilation and preparation engagements
  • Criteria of a compilation engagement and the entities where compilations can be performed
  • Criteria of a review engagement
  • Changes in level of service

    Prerequisites

    None

    Designed For

    CPA firm staff

    Objectives

    • Recall scope and definition of preparation, compilation and review engagements.
    • Identify elements and performance and documentation requirements of preparation, compilation and review engagements
  • Leader(s):

    Leader Bios

    Daryl Krause

    Daryl G. Krause, CPA, has CPA Certifications and he practices in: Illinois, Indiana, Kentucky, Michigan, Ohio and Wisconsin as Manager & CEO of his CPA firm, which he founded in 2005. Previously he enjoyed 23 years of diversified responsibilities with Ernst & Young. Industries he served included manufacturing, construction, real estate and financial services. Daryl has led more than 100 courses for the AICPA in 27 states and the District of Columbia. He also performs technical reviews during the development of certain AICPA courses.

    Daryl was the Ohio Valley Area Director of Employee Benefit Plan Services specialty audit practice for 8 years responsible for the technical accuracy and quality of over 300,000 hours of employee benefit plan audit effort. Roles included sign-off partner for approximately one third of the entire area’s engagements, independent reviewer on approximately 100 additional plans per year and technical advisor for all work.

    As Senior Manager in the Entrepreneurial Services group for 3 years he managed a portfolio of corporate audit client relationships. Roles included providing SEC reporting assistance to new public companies, assisting in due diligence on potential acquisitions and helping companies improve their controls and financial reporting processes.

    He served in E&Y’s National Professional Development group as a Senior Manager for 5 years. Roles included designing, developing and delivering core curriculum Audit and Entrepreneurial Services training programs for the entire U.S. practice. Part of the 11 member team that completed the development effort to introduce the Ernst & Young Audit Approach training for Staff through Partner following the Ernst & Whinney and Arthur Young merger, which was deemed a critical success factor for the newly formed Ernst & Young.

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    Non-Member Price $142

    Member Price $118