Compilation and Review Practice Guide

Description

Compilation and review issues have dominated the profession during the past few years. 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, while applying best practices for both efficiency and effectiveness.

Highlights

  • SSARS standards
  • Compilation performance requirements
  • Review performance requirements
  • Documentation for compilations and reviews
  • Special purpose frameworks financial statements
  • Legal liability concerns and issues
  • How to perform and document analytical procedures appropriately, including developing expectations
  • Independence and the AICPA Code of Professional Conduct
  • Non-attest services
  • Common issues raised in peer reviews

Objectives

  • Identify the performance requirements in the SSARS standards
  • Effectively perform compilation, review, and preparation engagements utilizing the most recent guidance in effect.
  • Efficiently document compilations and reviews
  • Identify best practices when performing compilation and review engagements
  • Address special purpose frameworks when performing compilation and review engagements

Designed For

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



Leaders

Rebecca Lee

Rebecca M. Lee, CPA, CGMA

Rebecca Lee, licensed as a CPA in Alabama and South Carolina, is a Group Practice Leader for Kaplan Financial Education, powered by Loscalzo Institute, and a founding Principal with Brooke, Freeman & Lee. She serves as the assurance, quality control, and compliance principal with responsibilities for the audit practice.

She has served on numerous AICPA and state society committees, including the AICPA Management Consulting Service Professional Practice Subcommittee, Small Business Consulting Practices Subcommittee, and Council of the AICPA. She has chaired both the Management Advisory Committee and the Personal Financial Planning Committee of the Alabama Society of CPAs. Rebecca currently serves on the Illinois Society of CPAs Peer Review Committee, which serves multiple state societies of CPAs.

Rebecca has served as professor of management accounting in the graduate studies (Master in Public and Private Management) program at Birmingham-Southern College. Rebecca holds a Bachelor of Science in Accounting from Jacksonville State University, along with a master’s degree in Accounting from Birmingham Southern College. She is a member of the Alabama Society of CPAs, the South Carolina Association of CPAs, and the AICPA.