Annual Update and Practice Issues for Preparation, Compilation, and Review Engagements

Description

By providing essential information to help train staff and manage your preparation, compilation, and review engagements, this course will enable you to comply with the professional standards surrounding engagements performed in accordance with Statements on Standards for Accounting and Review Services (SSARSs). This course explores the latest developments and case studies through a practice-oriented review that fosters an engaging and informative discussion among experienced participants. This practical approach enhances the learning experience, making the course educational and applicable.

Highlights

  • Overview of preparation, compilation, and review guidance
  • Accounting and reporting issues
  • Current practice issues
  • Common deficiencies in peer reviews
  • Current and future standard setting projects
  • International reporting issues in SSARS engagements
  • Special Purpose Framework financial statement issues
  • Case studies
  • Latest developments

Objectives

  • Identify the professional standards and risk factors relevant to the planning and performance of preparation, compilation, and review engagements, including engagements on pro forma and prospective financial information.
  • Identify responses to preparation, compilation, and review engagement practice issues that comply with all applicable professional standards.

Designed For

CPA firm seniors (and above) managing engagements performed in accordance with SSARSs



Leaders

Michael Hamilton

Mr. Hamilton is currently the Chairman of the Board of an international marine and defense contractor. He also has his own valuation, financial modeling and bankruptcy and restructuring practice. Previously he had been Chairman and Chief Executive Officer of MMC Energy, Inc., a NASDAQ listed company which he took through liquidation, ending in December of 2009. He was a Senior Vice President for Powerlink Transmission Company, a private equity sponsored company that looked to invest in electric power transmission assets, the non-executive Chairman of the Board of MXenergy, Inc., a retail gas and electric marketing company with operations in 14 states in the U. S. and two Canadian provinces, which was successfully sold to Constellation Energy in 2011. Prior to these assignments, he was an audit partner at PricewaterhouseCoopers and a senior managing director at FTI Consulting, specializing in the energy industry, which he joined upon his retirement from PricewaterhouseCoopers LLP in February 2003. Michael has been involved in numerous utility and energy industry restructuring and bankruptcy situations since 1989. He has served as the financial advisor to numerous interest groups where he brings his knowledge of both utility finance and his restructuring skills to maximize recovery for his clients. In this regard, his activities include due diligence, sophisticated computer modeling, creditor committee management and transaction negotiation. He has also served in an interim management capacity for a troubled gas distribution company and assisted a district heating and cooling company to develop accounting and budgeting controls and refinance its business. Mr. Hamilton is a CPA licensed in California, the District of Columbia, New Jersey and New York. He is Accredited in Business Valuation, Certified in Financial Forensics and is a Chartered Global Management Accountant. He is a Certified Insolvency and Restructuring Advisor, a Certified Turnaround Professional and is a Certified Rate of Return Analyst. Michael has been honored with the 2023 AICPA Outstanding Facilitator Award.