Annual Update and Practice Issues for Preparation, Compilation, and Review Engagements
Description:
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:
When you complete this course you will be able to: • 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.
Prerequisites:
Experience with engagements performed in accordance with SSARSs
Designed For:
CPA firm seniors (and above) managing engagements performed in accordance with SSARSs
Robert Wayne Wells graduated from Austin Peay State University in Clarksville, Tennessee in 1970 with a Bachelor of Science Degree in Accounting and Economics.
Mr. Wells began his career in public accounting in 1970 with the national firm of what was then Touche, Ross & Co. in Nashville, Tennessee.
In 1974, he joined a local firm in Nashville. This firm provided accounting, auditing, fraud investigations, and tax services to small and medium size businesses as well as extensive tax services to individuals. After a total of over 45 years experience, he is today a Principal with Blankenship CPA Group, PLLC in Brentwood, Tennessee.
Mr. Wells annually instructs numerous continuing education seminars and in-firm training classes all over the US for the major continuing education providers in the areas of accounting, auditing, fraud, and taxation. Mr. Wells is a recipient of the 2013 Outstanding Discussion Leader Award presented by the Tennessee Society of Certified Public Accountants and the 2014 Outstanding Discussion Leader Award presented by the American Institute of Certified Public Accountants.
Mr. Wells holds a Certified Public Accountant certificate in Tennessee, and is also a Certified Fraud Examiner. He is a member of the Tennessee Society of Certified Public Accountants, the AICPA and the Association of Certified Fraud Examiners.