Accounting Services, Compilations and Reviews: Effective Risk Management

This course provides a comprehensive review of the current standards and issues in compilation, review and accounting service engagements. The scenarios included provide examples from the whole spectrum of practice management and engagement performance. All CPAs managing compilation, review, or accounting service engagements will benefit.

Highlights include how to communicate engagement scope with clients; coverage of SSARS and TPAs; peer review deficiencies; firm vs. client responsibilities; supervision of client employees; prevention of engagement creep; engagement withdraw; and numerous illustrative examples, flowcharts, observations and engagement suggestions.

• Identify practices to efficiently manage compilation, review, and accounting services in conformity with current professional standards and best business practices
• Identify the risks inherent in bookkeeping, payroll, and other accounting services
• Identify the risk management practices available

Prerequisite: Experience in accounting services, compilations and reviews

Value Aid! AICPA Peer Review Checklists