Preparation, Compilation and Review Staff Essentials + PCRE Guide

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Refresh yourself on the essentials

No matter where you are in your accounting career, staying current with the latest developments for preparation, compilation and review engagements is crucial.

Expert guidance

This publication is issued under the authority of the Accounting and Review Services Committee (ARSC) in accordance with the Statements on Standards for Accounting and Review Services (SSARSs).

It provides current guidance on the requirements for SSARS engagements involving financial statements, pro forma financial information and personal financial statements.

A valuable resource for everyone

The 2024 Preparation, Compilation, and Review Engagements Guide is an essential resource for both new and seasoned accountants providing these types of services.

Who Will Benefit

• Accountants new to preparation, compilation and review engagements.
• Experienced practitioners in need of an up-to-date reference or a refresher on specific SSARS engagement topics.

Key Topics

• Authoritative guidance under AR-C sections 60A, 70A, 80A, 90A, 100, 120
• Compilation, review and preparation of financial statements
• Compilation of pro forma financial information
• Compilation, review and preparation of personal financial statements
• International reporting issues
• Illustrative inquiry and analytics, engagement letters, representation letters and reports

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, it’s important to ensure that when you do them, you 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

You’ll get up to speed with current regulations relevant to SSARS No. 21-23 and understand recent changes resulting from SSARS No. 26. Plus, you’ll learn best practices that will help you reduce the time and effort spent on these engagements.

What you can expect

You'll find reliable information, effective tactics and proven strategies presented through:

• Real-world examples
• Practice exercises
• Case studies

Building a foundation for success

PCRE helps you ensure your firm's compliance and long-term success in this key area of practice. Courses include:

• 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

Offered individually or as part of a larger course of study

This innovative CPE course has been designed to provide a convenient, accessible way for firms to train their staff through a flexible, engaging learning experience.

You have the following bundle options:

• The complete Preparation, Compilation, and Review Staff Essentials program
• The Review Engagements Series only
• The Compilation and Preparation Series only

You can also purchase all the courses in these bundles individually.

Who Will Benefit

• CPAs
• Accounting firm staff members
• AICPA members
• Auditors

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 Outcomes

• Identify performance requirements for preparation, compilation and review engagements.
• Recognize reporting requirements associated with compilation and review engagements.
• Distinguish between various financial reporting frameworks used in the preparation of financial statements.