Audit Staff Essentials - New Staff Core Concepts: Nuts and Bolts of Preparation, Compilation, and Review Engagements
First-year audit staff can learn the elements, performance requirements, and documentation expectations for various engagements.
Format
Online
NASBA Field of Study
Auditing
Level
Basic
CPE Credits
2
Author(s)
AICPA and CIMA staff
Availability
1 year
Product Number
ASE1PCR26SSO
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Engagement basics explained
You can learn the elements, performance requirements, and documentation expectations for engagements, such as:
- Preparation engagements
- Compilation engagements
- Review engagements
Although these procedures are not audits, they involve similar concepts at a lesser level of assurance.
Who Will Benefit
- Recently onboarded staff
- First-year staff
- Firms that want consistent training and level setting
Topics
- Definitions and elements
- Performance requirements
- Differences between level and scope of services
- Required documentation
Learning Outcomes
- Distinguish between preparation, compilation, and review engagements and the scope of work required for each service.
- Recall the performance standards for an engagement to prepare financial statements or perform a compilation or review of financial statements.
- Recognize the minimum documentation requirements for an engagement to prepare financial statements or perform a compilation or review of financial statements.
Group ordering for your team
2 to 5 registrants
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We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)
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