Guide & Update to Compilations, Reviews & New Preparations [CRU4]

Aug 8, 2018
Time: 12:30pm - 4:00pm

Subject:

Accounting & Auditing

Credit Hours:

4.00

Price:

Member: $150.00
Non-member: $225.00

Print Page

Discussion Leader:

Jeffrey Lieman, CPA    more info

Lieman Associates LLC / Owings Mills, Maryland

Jeff Lieman currently heads his own consulting firm in Owings Mills, Maryland. He provides consulting services, contractual assistance services, and training to CPAs, their firms and their clients on matters related to US and international accounting principles, auditing standards, governmental auditing standards, and business planning services. Jeff’s previous experience included serving as the Chief Financial Examiner for the Maryland Insurance Administration and being a Director for Ellin & Tucker, Chartered. As the Chief Financial Examiner, Jeff was responsible for the solvency examination of the Maryland domestic insurance companies. While Jeff was a Director for Ellin & Tucker, Chartered, he developed two new niche areas for the firm and supervised numerous audit service engagements. Jeff trained staff in many areas of accounting, administration and consulting and provided training services on a national level to other organizations. He reviewed numerous accounting systems and assisted in the selection and implementation of automated systems, helped develop policies and procedures for technology usage, work paper development, administrative procedures and other office policies, and also provided Peer Review Services (SEC section). Jeff also served as a Senior Manager with KPMG/Baltimore. At KPMG he maintained client relations, marketed audit, tax and consulting services, and managed audit related services for publicly traded and privately held entities. His clients have included real estate ventures, printing and publishing companies, electronic manufacturers, wholesale distributors, retail stores, financial institutions, construction contractors, Governmental units, and various nonprofit organizations.

Mr. Lieman has been a national trainer for KPMG where he developed training materials for staff and instructors and is recognized nationally as a lecturer for various accounting, auditing and technology topics and has been quoted in various trade journals. He was elected Chairman of the Year by the Maryland Association of CPAs for chairmanship of the Computer Resources Committee.

close close

Website registration for this course closes on August 7, 2018. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.

Full Description

Guide & Update to Compilations, Reviews & New Preparations (CRU4)

August 8, 2018

Alaska Society of CPAs Office
2600 Cordova Street, Suite 211
Anchorage, AK

LATE REGISTRATION POLICY
For registrations received less than 21 days from the course date will be charged a late fee of $50 for each 8 hour course and $25 for each 4 hour course and $12.50 for each 2 hour course.

Specifically designed for compilation, preparation, and review practitioners and their staff, this course will provide you with an overview, update, and hands-on application for performing compilation, preparation, and review engagements. You will learn the ins and outs of SSARS No. 21, Clarification and Recodification. The course will also cover the changes that have occurred with the issuance of SSARS Nos. 22 and 23 with regard to compilation of pro forma financial information engagements, engagements on prospective financial information, as well as in other areas relevant to SSARS No. 21 engagements, including lessons learned from early peer reviews of SSARS No. 21 engagements. This course will bring you up-to-date on SSARSs requirements and guidance as well as provide examples and illustrations to help you effectively perform compilation, preparation, and review engagements.

Major Topics:
-SSARS No. 21, Clarification and Recodification, and updates to SSARS No. 21 due to the issuance of SSARS No. 23, Omnibus Statement on Standards for Accounting and Review Services
-SSARS No. 22, Compilation of Pro Forma Financial Information Comprehensive sample engagement work programs for every level of SSARS No. 21 service
-Complete illustrations of engagement letters, management representation letter, reporting and other required communications for every level of SSARS No. 21 service
-Quality issues related to SSARS No. 21 engagements
-Other current ARSC agenda items and projects

Learning Objectives:
-Understand and apply SSARS No. 21, Clarification and Recodification
-Be familiar with changes due to the issuance of SSARS Nos. 22 and 23
-Be familiar with preparation, compilation, and review program examples
-Be aware of the most recent reports and other required communications

Designed For: Accounting practitioners & their staff performing and managing compilation, preparation and review engagement services

CPE Credits: 4, Auditing

Level of Knowledge: Update

Prerequisite: Experience in performing and managing compilation, preparation and review engagements

Acronym: CRU4

Discussion Leader: Jeffrey Lieman, CPA