This 4 credit hour course, taught by Garland Granger, CIA, CPA, CFE. Covers the compilation and preparation of financial statements in compliance with SSARS 21.

In this course we update participants regarding the primary changes to Compilation & Review standards (AICPA) subsequent to SSARS 21, cover compilation engagements in AR-C 80, discuss implementation issues & significant changes, consider the necessary changes to client communications, engagement performance & engagement documentation, and discuss the major requirements of SSARSs for preparations, compilations, and reviews.

Learning Objectives
  • Update participants regarding the primary changes to Compilation & Review standards (AICPA) subsequent to SSARS 21
  • Discuss implementation issues & significant changes
  • Consider the necessary changes to client communications, engagement performance & engagement documentation
  • Discuss the major requirements of SSARSs for preparations, compilations, and reviews.
Last updated/reviewed: May 7, 2022
6 Reviews (37 ratings)

Reviews

5
Anonymous Author
Good study guide because it was an effective summary and also incredibly comprehensive. Great resource to review and understand the information.
5
Member's Profile
Great overview on compilation engagements, which are rarely discussed in lieu of traditional audit engagements
5
Anonymous Author
Great review of Compilation and Preparation Standards. Highly recommend if looking to refresh your knowledge.
4
Member's Profile
Perfect level of engagement in the discussion. Appreciate the enthusiasm and content.
4
Member's Profile
good info - needed the engagement definitions provided. laid out clearly
5
Anonymous Author
nice update on ssars 21 requirements for comps and preps
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 Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  1 Introduciton to Compilation 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 Engagement (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 Interpreations10:39
SUPPORTING MATERIALS
  Study Guide: Compilation and Preparation StandardsPDF
  Compilation and Preparation Standards Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONS quiz
 FINAL EXAMexam