This 8 credit hour course, taught by Garland Granger, CIA, CPA, CFE. covers the standards and requirements for independent accounting and peer review and the preparation of financial statements in compliance with SSARS 21.

  • Explore the primary changes to Compilation & Review standards (AICPA) subsequent to SSARS 21
  • Discover implementation issues & significant changes
  • Consider the necessary changes to client communications, engagement performance & engagement documentation
  • Discover the major requirements of SSARSs for preparations, compilations, and reviews.
Learning Objectives
  • Explore the primary changes to Compilation & Review standards (AICPA) subsequent to SSARS 21
  • Discover implementation issues & significant changes
  • Consider the necessary changes to client communications, engagement performance & engagement documentation
  • Discover the major requirements of SSARSs for preparations, compilations, and reviews.
Last updated/reviewed: March 18, 2024
26 Reviews (123 ratings)

Reviews

5
Member's Profile
I actually really enjoyed this course. It was a great refresher for me. The instructor was clear, well spoken, and direct in delivery of the information.

5
Member's Profile
Very effective and engaging presenter. I appreciated Mr. Granger's enthusiasm on this subject especially how he tacitly reiterates a written statement on the outline with personal examples in his experience in the field. The discussion-quiz questions that he inserted throughout the lecture was appropriate, timely, and helped me significantly in retaining and understanding the material.

5
Anonymous Author
This was not a bad course. The instructor was knowledgeable and conveyed the information well. The materials were thorough and provided a good resource for reviewing the information for the final exam. I did notice there were a lot of typos in the exam questions. It wasn't too bad and didn't impact my understanding of the questions, but it seems like it could have.

5
Anonymous Author
This course was exactly what I needed as I was going through my first review for a client. I have a background in external audit and internal audit, but a review is very different in scope. Thank you so much for a great course! I honestly don't know how you are able to remember so many great examples, but it made it so much easier to relate to the material.

5
Member's Profile
This is a very detailed and complete review of SSARS 21 requirements that will take an average participant at least 5 hours to complete. Thankfully Granger is engaging and high energy and does a great job conveying the information. He is clearly a practitioner who can also teach which adds value to the materials

1
Anonymous Author
this is a great course for understanding this particular less visited area of engagement with clients. the course is well organized to allow the student to follow logically the steps required and the various options that must be considered for preparation, compilation and review of financials.

5
Member's Profile
I really enjoyed this course. The information given was plain and straightforward. And, he had lots of neat little tips and stories that made the information memorable. Great course!

5
Anonymous Author
Good course design. The course is a good length. The supplementary summary support was incredibly helpful. The Review Questions were good preparation for the exam.

5
Anonymous Author
I loved the enthusiasm of Garland Granger. It kept me engaged the whole time. He provided a lot of personal anecdotes from his great experience which was helpful.

5
Anonymous Author
The course was very thorough and great at explaining the differences and requirements for audit, review, compilations, and preparations. Highly recommend.

5
Anonymous Author
A comprehensive course on the procedures, purpose and structure of Reviews ,Compilations and financial statement preparation. Very enlightening.

5
Anonymous Author
I found the instructor to be knowledgeable with a well-organized group of seminars. I appreciated his relevant use of real life examples.

5
Anonymous Author
The course was very engaging. I really like the examples provided. I am going to search for more courses provided by Professor Garland.

5
Anonymous Author
Thanks for the great course, this mandatory reviews to obtain the CPE certificate are not favored. Please change this. Thanks!

5
Member's Profile
I loved the videos from this instructor. He used real life examples throughout the video which helped keep your attention.

5
Anonymous Author
The course is extremely thorough and instructor is knowledgeable and passionate regarding the topic.

5
Member's Profile
The information and case example includes in handout was complete to understand the course.

4
Anonymous Author
The class had good class materials and great examples of of engagement letters and reports.

5
Anonymous Author
All learning objectives were exceeded! Speaker was very experienced and easy to follow.

5
Anonymous Author
Great course! The real world examples helped me better understand the topics covered.

4
Member's Profile
Great course. Appreciate your speaking skills, color and interest in the content.

5
Anonymous Author
Such a great source. Good questions on that which really jogged my mind

5
Member's Profile
Great videos, very explanatory and straight to the point.

4
Anonymous Author
Good explanation of requirements for SSARS engagement.

4
Member's Profile
Very energetic teacher - a few typos in the material.

5
Anonymous Author
This is exactly what I needed to complete my CPEs.

Prerequisites
Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Compilation, Review, and Preparation Standards11:48
  Lesson 2- Background and Structure of SSARS 219:08
  Lesson 3 - General Principles for Engagements Performed in Accordance with Statements on Standards for Accounting ...35:22
  Lesson 4 - Compilation Engagements (AR 80) Part 117:10
  Lesson 5 - Compilation Engagements (AR 80) Part 225:20
  Lesson 6 - Compilation Engagements (AR 80) PART 320:21
  Lesson 7- Compilation Reports18:25
  Lesson 8 - Compilation of Financial Statements (AR 80) and Compilation Interpretations10:38
  Lesson 9 - Course Overview - Review of Financial Statements (AR 90) Part 129:32
  Lesson 10 - Review of Financial Statements (AR 90) Part 213:08
  Lesson 11- Review of Financial Statements (AR 90) Part 316:15
  Lesson 12 - Review of Financial Statements (AR 90) Part 413:56
  Lesson 13 - Review of Financial Statements (AR 90) Part 517:57
  Lesson 14 - Review of Financial Statements (AR 90) Part 612:59
  Lesson 15 - Review Standards - Discussion Questions:12:42
  Lesson 16 - Comparative Financial Statements (AR 200) and Communications Between Predecessor & Successor14:08
  Lesson 17 - Independence and Nonattest Services13:46
SUPPORTING MATERIALS
  Study Guide Compilation, Review, and Preparation StandardsPDF
  Compilation, Review, and Preparation Standards Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONS quiz
 FINAL EXAMexam