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Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

Compilation and Review Practice Guide (CRP4)

4-Hour Program

WHY ATTEND THIS COURSE?

A scaled-down version of our popular 8-hour Compilation and Review Practice Guide. Compilation and review issues have dominated the profession during the past few years, and the codification of SSARS 21 in AR-C Sections 60, 70, 80 and 90. This program addresses these changes and current performance requirements in the compilation and review literature such that practitioners will be able to perform these services in compliance with SSARS 21, 22, and 23, while applying best practices for both efficiency and effectiveness.

DESIGNED FOR...

Practitioners who perform compilation and review engagements for non-public entities.

OBJECTIVE

Participants will be able to:

  • Identify the performance requirements in the SSARS standards based on SSARS 21, 22 and 23
  • Effectively perform compilation and review engagements utilizing the guidance in AR-C Sections 60, 80, and 90 of SSARS standards
  • Effectively perform preparation engagements utilizing the guidance in AR-C Section 70 of SSARS standards
  • Efficiently document compilations and reviews following the documentation guidance in AR-C Sections 80 and 90
  • Identify best practices when performing compilation and review engagements
  • Address special purpose frameworks when performing compilation and review engagements

MAJOR SUBJECTS

  • SSARS Clarity Project
  • Preparation of financial statements
  • AR-C Sections 60, 70, 80, 90, and 120
  • Compilation performance requirements
  • Review performance requirements
  • How to document and perform compilations and reviews
  • Special purpose frameworks financial statements—what they are and when they can be used
  • Legal liability concerns and issues
  • How to perform and document analytical procedures appropriately, including developing expectations
  • Independence
  • Non-attest services
  • Common issues raised in peer reviews

COURSE ACRONYM: CRP4

PRESENTATION METHOD: Group-live

LEVEL OF KNOWLEDGE: Basic

PREREQUISITES:

  • None

ADVANCE PREPARATION: None

FIELD OF STUDY: Auditing

RECOMMENDED CPE CREDIT: 4 hours


NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program:

  • Compilation and Review Practice Guide (CRP)
  • Compilation and Review Practice Guide (CRP4)
  • Recent Compilation and Review Issues (CRP2)

CPE Sponsor icon

SmartPros®, A Kaplan Company and Loscalzo Institute, A Kaplan Company are registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.