CPE Credit Hours: 4
Field of Study: Auditing
Publication date: January 2023
This course identifies the various changes made to the compilation and review codification by the issuance of SSARS No. 25, Materiality in a Review of Financial Statements and Adverse Conclusions, including changes made to AR-C 60 – General Principles, AR-C 70 – Preparation of Financial Statements, AR-C 80 – Compilation Engagements, and AR-C 90 – Review of Financial Statements.
Topics include expanding use of the disclaimer report in a preparation engagement, changes involving reporting on the contractual basis of accounting, new requirements to define materiality in a review engagement, expanded inquiries and management representations in a review engagement, the new modified conclusion (qualified and adverse conclusion) reporting changes, guidance on going concern in a review engagement, and more.
This is a self-study CPE course.
Program level: Overview
Prerequisites: General understanding of compilation and review and auditing standards
Advanced Preparation: None Required
Minimum Final Examination Passing Grade: 70%
Maximum Time Allowed To Complete Program: One Year From Date Of Purchase
