Surgent's The Nature of Compilations, Reviews and Audits (Audit Skills Training - Level 1) (Self-Study)
Valid for one year from purchase date
Auditing - Technical (3.0)
Standard member fee
Standard nonmember fee
to receive member fee.
A CPA may perform 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.
Who should take this program?
Accountants new to providing attest services, such as compilations, reviews and audits
Compare and contrast the basis and requirements of preparing financial statements, compilation, review and audit
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
Describing various common audit procedures
Case study differentiating the scope of various non-attest and attest services
Explain the basis and requirements for a compilation contrasted with preparing financial statements
Discuss special purpose framework and other issues
Describe the basis and requirements for a review
Explain the basis and fundamental requirements for an audit
NASBA ID#: 103212