CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

All New and Current customers who purchase the Premium, Plus, or Core (Total Value Package) 2021 Federal Tax Update or the 2021 Federal and California Update will get the Tax Advisory Complement Bundle for free.

NOTE:

  • New Federal Tax Update customers will get an immediate email with a coupon code for the free course once their Tax Update purchase is complete.
  • Current Customers that purchased the Premium, Plus, or Core (Total Value Package) 2021 Federal Tax Update will get an email with a coupon code to get the Tax Advisory Complement Bundle for free.

How to Conduct a Review Engagement

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
2 Credits: Auditing

Course Description

A review engagement involves a significantly reduced set of activities from an audit engagement, with a focus on analytical procedures and inquiries. In How to Conduct a Review Engagement, we describe the nature of these analytical procedures and inquiries, as well as every other aspect of a review engagement, including the engagement letter, representation letter, and accountant’s review report. This course is based on SSARS 21, Statements on Standards for Accounting and Review Services: Clarification and Recodification.

Learning Objectives

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

  • Recognize the situations in which the accountant cannot accept a review engagement.
  • List the contents of an engagement letter.
  • Identify the reasons why the accountant needs an adequate knowledge of the client’s business.
  • Describe the different types of analytical procedures that can be used as part of a review engagement.
  • List the different types of inquires that an accountant would make as part of a review engagement.
  • Describe the decision criteria for judging whether an uncorrected misstatement is material.
  • Recognize the types of evidence indicating that a client may not be able to continue as a going concern.
  • Recognize the available methods for keeping a review report from being used in the future by a client.
  • Identify the contents of a representation letter.
  • Recognize how the accountant handles a client request to use financial statements prepared in accordance with a special purpose framework.

Course Specifics

Course ID
9189038
Revision Date
April 8, 2021
Number of Pages
49
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. 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 an auditor with …

Steven M. Bragg, CPA Read More »

How to Conduct a Review Engagement

Expert Instructors
Format
CPE CREDITS
2 Credits: Auditing

$58.00$78.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
2 Credits: Auditing

Course Description

A review engagement involves a significantly reduced set of activities from an audit engagement, with a focus on analytical procedures and inquiries. In How to Conduct a Review Engagement, we describe the nature of these analytical procedures and inquiries, as well as every other aspect of a review engagement, including the engagement letter, representation letter, and accountant’s review report. This course is based on SSARS 21, Statements on Standards for Accounting and Review Services: Clarification and Recodification.

Learning Objectives

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

  • Recognize the situations in which the accountant cannot accept a review engagement.
  • List the contents of an engagement letter.
  • Identify the reasons why the accountant needs an adequate knowledge of the client’s business.
  • Describe the different types of analytical procedures that can be used as part of a review engagement.
  • List the different types of inquires that an accountant would make as part of a review engagement.
  • Describe the decision criteria for judging whether an uncorrected misstatement is material.
  • Recognize the types of evidence indicating that a client may not be able to continue as a going concern.
  • Recognize the available methods for keeping a review report from being used in the future by a client.
  • Identify the contents of a representation letter.
  • Recognize how the accountant handles a client request to use financial statements prepared in accordance with a special purpose framework.

Course Specifics

Course ID
9189038
Revision Date
April 8, 2021
Number of Pages
49
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. 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 an auditor with …

Steven M. Bragg, CPA Read More »

How to Conduct a Review Engagement

Expert Instructors
Format
CPE CREDITS
2 Credits: Auditing

$58.00$78.00

Clear