How to Conduct a Compilation Engagement

1 Credits: Auditing


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How to Conduct a Compilation Engagement

Course Level
CPE Credits

1 Credits: Auditing

Course Description

How to Conduct a Compilation Engagement is a specialized course designed to demystify the process of compilation engagements for accounting professionals. It features an in-depth exploration of the steps and responsibilities outlined in SSARS 21, providing clarity on this less-intensive alternative to audits and reviews. Participants will benefit from detailed guidance on preparing engagement letters, compiling reports, and assembling documentation following a compilation engagement. The course also covers the accountant’s responsibilities when engaged to prepare financial statements, offering insights into the ethical and professional considerations involved. By focusing on practical applications, this course equips professionals with the necessary skills to conduct compilation engagements efficiently, enhancing their ability to provide valuable services to clients while adhering to the latest standards and best practices.

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Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • State the responsibilities of the accountant in a compilation engagement.
  • List the steps usually taken during a compilation engagement.
  • Identify the reasons why an accountant may withdraw from a compilation engagement.
  • Describe the contents of the documentation assembled following a compilation engagement.

Chapter 2

  • State the responsibilities of the accountant who has been engaged to prepare financial statements.
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Course Specifics

Course ID
Revision Date
March 25, 2024

There are no prerequisites.

Advanced Preparation


Number of Pages

Compliance Information

NASBA Provider Number: 103220

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …