Preparation, Compilation and Review Staff Essentials

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.

Recent updates, including SSARS No. 26 and SQMS No. 1, introduce firm-level quality management principles that now integrate directly into how these engagements are planned, performed, and documented.

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 gain practical guidance under SSARS No. 21-23 and understand how recent changes resulting from SSARS No. 26 align these engagements with SQMS No. 1. 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

Flexible learning options to suit your needs

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 and recent regulatory developments
• SSARS No. 26 amendments and SQMS No. 1 quality management requirements

Learning Outcomes

• Identify performance requirements for preparation, compilation and review engagements.
• Identify how SSARS No. 26 integrates existing engagement requirements with the firm-level quality management principles of SQMS No. 1.
• Recognize reporting requirements associated with compilation and review engagements.
• Distinguish between various financial reporting frameworks used in the preparation of financial statements.