Advanced Compilation & Review Engagement Issues [ADCR Fbx]

Oct 28, 2014
Time: 8-4

Subject:

Comp and Review

Credit Hours:

8.00

Price:

Member: $295.00
Non-member: $445.00

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Discussion Leader: Theresa Thamer

Website registration for this course closes on October 27, 2014. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.

Full Description

Advanced Compilation and Review Engagement Issues: Striking the Right Balance Between Compliance, Client Service, and Practice Management

October 28, 2014
Westmark Fairbanks Hotel
Fairbanks, AK

Practitioners who provide non-audit services must strike the right balance between complying with relevant professional and regulatory standards, providing value-added client service, and mitigating litigation and other practice management risks. This course contains many case studies to reinforce best practices for managing the accounting, reporting, and performance issues associated with compilation, review, and accounting service engagements.

Major Topics:
Preventing malpractice claims related to accounting services
Identifying and safeguarding independence threats for attest services
Establishing an understanding with the client regarding non-audit services
Defining the varying levels of responsibility for accountants performing non-audit services
Performing compilations and reviews effectively and efficiently, including nature and extent of documentation considerations
Practice performing analytical review procedures appropriately, including developing proper advance expectations
Properly considering going concern, subsequent events, and other disclosure matters
Common issues related to peer reviews, including recurring reporting problems
Applying Statements on Quality Control Standards to non-audit Engagements Proposed revisions to the SSARS

Learning Objectives:
Describe practice management risks associated with non-audit services
Properly apply relevant professional standards and regulations for non-audit services
Leverage information obtained on engagements to enhance client service

Designed For: Anyone who supervises non-audit engagements

Level of Knowledge: Advanced

CPE Credits: 8, Auditing

Prerequisite: Experience with performing non-audit services

Advance Preparation: None

Acronym: ADCR

Discussion Leader: Theresa Thamer, CPA
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