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Accounting Services, Compilations and Reviews: Effective
Start Date (Local)
10/24/2012 8:00:00 AM Eastern (EST/EDT)
10/24/2012 3:30:00 PM Eastern (EST/EDT)
Field of Study
Auditing -- 8 Credits
Anthony Cuozzo Jr., CPA, CGFM
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.
Experience in accounting services, compilations and reviews
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