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Webcast Details:

Program Name
Accounting Services, Compilations and Reviews: Effective
Program ID
53956
Start Date (Local)
10/24/2012 (Local Time)
Start Date
10/24/2012 8:00:00 AM Eastern (EST/EDT)
End Date
10/24/2012 3:30:00 PM Eastern (EST/EDT)
Enrollment close
Credits
8
Field of Study
Auditing -- 8 Credits
Price
$245.00
Instructor(s)
Description
Most sole practitioners and local CPA firms routinely provide write-up and other accounting services to their clients, as well as compilations and reviews of financial statements. Since these engagements do not involve technical audit standards and issues, many CPAs view them as low risk. They are not. These services can generate a surprising number of significant malpractice claims: one case resulted in a judgment of one million dollars! This course identifies the risks (and proven, risk-mitigating practices) throughout the entire life-cycle of an engagement, from client acceptance to engagement performance and reporting, even withdrawal.
Prerequisites
Experience in accounting services, compilations and reviews
Advanced Preparation
None
Level
Intermediate
Learning Objective
Upon completion of this course, participants will be able to: * Identify the risks inherent in write-up and other accounting services * Identify the risks inherent in compilation and review engagements * Identify the risk management practices available to mitigate the identified risks
User Limit
0
NASBA ID
108061
Practice Areas
-