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Technical

Preparation, Compilation and Review Staff Essentials Logo aicpa

  Kimberly G. Burke, Ph.D., Hugh Parker, Ph.D., CPA |   $419.00 |   CPE: 15.0 |   AICPA |   Jun 2015 |   Auditing |   AICPA Store

With its introduction of the preparation engagement, the AICPA's SSARS No. 21 standard has brought a level of change to this area of practice which hasn’t been seen in more than 30 years. Presented in 1- to 3-hour self-paced modules, this online learning program will provide you with the comprehensive training needed to consistently and accurately perform these types of engagements.

Updated to reflect the most recent changes resulting from the issuance of SSARS No. 22 and SSARS No. 23, this CPE course has been designed to help practitioners comply with the latest developments in regulation. The course combines real-world examples, practice exercises, and case studies, to create a flexible, engaging learning experience. Each module features a different "learning coach" that offers tips and best practices that will help you put the learning concepts into context.

Courses Included:

  • Introduction to Review Engagements
  • Performing a Review Engagement Part I
  • Performing a Review Engagement Part II
  • Reporting on Review Engagements
  • Introduction to Compilation Engagements
  • Performing a Compilation Engagement
  • Reporting on Compilation Engagements
  • Engagements to Prepare Financial Statements

Learning Objectives

When you complete this course, you will know:

  • The performance requirements for preparation, compilation and review engagements
  • The reporting requirements associated with compilation and review engagements
  • The various financial reporting frameworks used in the preparation of financial statements

Topics Discussed

  • Preparation, compilation, and review engagement fundamentals
  • Performing preparation, compilation, and review engagements
  • Reporting on compilation and review engagements, including illustrative reports
  • Special purpose frameworks
  • Recent SSARSs developments

Who Will Benefit?

  • CPA firm staff members that perform review, compilation and financial statement preparation engagements

Want to focus on specific types of engagements?

Choose from two smaller bundles:

  • Review Engagements Series
    This 9-hour curriculum will provide the comprehensive training your staff needs to be able to perform their review engagements consistently and accurately.
  • Compilation and Preparation Engagements Series
    This 10-hour curriculum will provide the comprehensive training your staff needs to be able to perform their compilation and preparation engagements consistently and accurately.

DISCOUNTS

PCPS Members Save an Additional 10%!

Login here to obtain the discount code. If you are not a member, find out more about PCPS Membership benefits. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Topics covered:
  • Financial accounting & reporting: Technical: Preparation services, Foundational
  • Financial accounting & reporting: Technical: Preparation services, Intermediate
  • Assurance: Technical: Review, Foundational
  • Assurance: Technical: Review, Intermediate
  • Assurance: Technical: Compilation, Foundational
  • Assurance: Technical: Compilation, Intermediate

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CPE On-Demand
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What level of knowledge should I possess prior to starting the Preparation, Compilation and Review Staff Essentials curriculum?

While the curriculum is designed to provide a foundational level of learning, individuals will benefit from having a basic understanding and awareness of engagements subject to Statements on Standards for Accounting and Review Services (SSARSs).

How is the curriculum material presented?
Designed to be highly interactive, this curriculum offers multiple opportunities for learning, including real-world examples, practice exercises, case studies, and a “learning coach.” Exams are presented after each course to allow you to apply what you just learned. There is no comprehensive final exam.

How long will it take me to complete?
This varies from individual to individual and is completely dependent upon the time the participant allocates to completing the coursework. A commitment of approximately 17 hours will be required for most individuals to successfully complete the curriculum.

What period of time do I have to complete the curriculum?
You have 12 months from the date of purchase to complete all the courses.

Can I complete the curriculum in any order?
It is recommended that each course in a series be completed prior to beginning the following series.

Is there any cost savings in purchasing the entire curriculum over buying courses individually?
Yes, the full curriculum costs less than buying each series individually, and each series costs less than purchasing the courses individually. Actual savings will vary for members and nonmembers.

If I were to purchase one course or series, and then decided to purchase the entire curriculum, will I still get the full bundled price savings?
Yes, as long as you haven’t already paid more than the full curriculum price. The price you paid for the engagement specific series or individual courses you have already taken will be deducted from the total curriculum price.

If I am unable to complete the entire Preparation, Compilation, and Review Staff Essentials curriculum, will I receive CPE credit for the courses I do complete?
You are not required to complete the entire curriculum to earn CPE credit. The courses are offered individually, so you will earn CPE credit for each course you take and successfully complete the exam.

Who Will Benefit?
  • CPA firm staff members that perform review, compilation and financial statement preparation engagements
Key Topics
  • Preparation, compilation, and review engagement fundamentals
  • Performing preparation, compilation, and review engagements
  • Reporting on compilation and review engagements, including illustrative reports
  • Special purpose frameworks
  • Recent SSARSs developments
Learning Objectives
  • The performance requirements for preparation, compilation and review engagements
  • The reporting requirements associated with compilation and review engagements
  • The various financial reporting frameworks used in the preparation of financial statements

Since you're in the business of PC&R

Preparation, compilation and review engagements are one of your core areas of practice. And because you do so many, they are not only your bread and butter, but are significant to your firm's reputation. So if you're going to do them, do them right.

Our preparation, compilation and review program (PCRE) gives you and your staff everything you need to perform these engagements efficiently and accurately.

SSARS compliance and best practices in one product

Get up to speed with current regulations relevant to SSARS No. 21-23*, plus learn best practices that will help you reduce time and effort spent on these engagements.

What you can expect

Reliable information, effective tactics and proven strategies. You'll find them presented through real-world examples, practice exercises and case studies. PCRE helps you ensure your firm's compliance and long-term success in this key area of practice.

Courses Included:

Want to focus on specific types of engagements?

Choose from two smaller bundles:

  • Review Engagements Series
    This curriculum will provide the comprehensive training your staff needs to be able to perform their review engagements consistently and accurately. Learn More.
  • Compilation and Preparation Engagements Series
    This curriculum will provide the comprehensive training your staff needs to be able to perform their compilation and preparation engagements consistently and accurately. Learn More.

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