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Engagements to Prepare Financial Statements
CPE Self-study

Engagements to Prepare Financial Statements

Included in Preparation, Compilation, and Review Staff Essentials, this CPE course provides fundamental training on the general principles and objective of an engagement to prepare financial statements as well as the performance standards associated with engagements to prepare financial statements.

$79 - $99
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Auditing

Level

Basic

CPE Credits

3

Author(s)

Kimberly Burke, Hugh Parker

Availability

1 year

Product Number

164460

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 Business & partner 
Product Details

This CPE course is included in the 15-hour Preparation, Compilation, and Review Staff Essentials program. It can also be purchased as a part of the Review Engagements Series.

This innovative CPE course has been designed to provide a convenient, accessible way for firms to train their staff in this area of practice. With the introduction of SSARS No. 21, Statement on Standards for Accounting and Review Services: Clarification and Recodification, a new standard, Preparation of Financial Statements, emerged. This CPE course provides fundamental training on the general principles and objective of an engagement to prepare financial statements as well as the performance standards associated with engagements to prepare financial statements. This enhanced learning program combines real-world examples, practice exercises, case studies, and a "learning coach", to create a flexible, engaging learning experience.

Who Will Benefit
  • CPA firm attest staff, including paraprofessionals new to performing SSARSs engagements
Key Topics
  • Reporting on Financial Statements
  • Evolution of Engagements to Prepare Financial Statements
  • Hierarchy of Preparation Standards and Guidance
  • Objective and Scope of Preparation Engagements
  • Acceptance and Continuance of Client Relationships
  • Performance Requirements
  • Documentation for Engagements to Prepare Financial Statements
  • Independence and Ethics
  • Quality Control in Engagements to Prepare Financial Statements
  • Peer Review
Learning Outcomes
  • Identify the types of engagements that require a report on the financial statements.
  • Distinguish between an engagement to prepare financial statements and a compilation of financial statements.
  • Identify the framework and objectives of engagements to prepare financial statements.
  • Distinguish between preparing financial statements and assisting in the preparation of financial statements.
  • Recall the performance requirements for an engagement to prepare financial statements.
  • Recognize the minimum documentation requirements for an engagement to prepare financial statements.
  • Recall the independence considerations when performing a nonattest service for an attest client.
  • Recognize the elements of a quality control system.
  • Identify the circumstances in which engagements to prepare financial statements would be subject to peer review.
Credit Info
CPE Credits
Online
3
NASBA Field of Study
Auditing
Level
Basic
Prerequisites
None
Access
Online
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
For more information, please refer to CPE requirements and NASBA sponsorship information
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$99.00
AICPA Members
Online
$79.00

Group ordering for your team

2 to 5 registrants

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6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Instructors
Kimberly Burke
Ph.D.
"Dr. Burke, professor of accounting, is the Dean at Millsaps College’s Else School of Management. She began her position on July 1, 2012. She oversees the undergraduate business program, an MBA program, an Executive MBA program, and a Master of Accountancy program. As an accounting professor, Dr. Burke has taught a variety of classes including undergraduate and graduate auditing, intermediate and advanced accounting, accounting information systems, principles of financial accounting and introduction to liberal studies. In 2008, she was recognized by the Carnegie Foundation for the Advancement of Teaching and the Council for Advancement and Support of Education as the Mississippi Professor of the Year. Dr. Burke holds a B.B.A. and an M.S. in accounting from Texas Tech University and a Ph.D. from Oklahoma State University. She joined the Millsaps faculty in 1995. Her research interests include the labor market for academics, assurance services, expectations formation and gender issues. Her research has been published in multiple publications including Advances in Accounting, Southern Economic Journal, Journal of Information Systems, Journal of Service Marketing and Internal Auditing."
Hugh Parker
Ph.D., CPA
"Hugh has more than 25 years of experience in accounting, auditing, business valuation, and litigation support in local and regional firms. A PhD as well as a CPA, Parker has taught CPA continuing education courses across the country, and has been recognized by the American Institute of Certified Public Accountants as an Outstanding CPE Instructor. His career includes experience teaching undergraduate and graduate accounting courses, Dean of the Else School of Management at Millsaps College and Executive Partner of HORNE LLP. Parker's volunteer service includes campaign chair of the Millsaps College Else School of Business, USM College of Business Advisory Board, Boys and Girls Clubs of Central Mississippi, Boy Scouts, Mississippi Special Olympics, and the Mississippi Symphony Orchestra."
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

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Engagements to Prepare Financial Statements
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Online
$99.00
Nonmember Price
$99.00
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$99.00
Do you have an AICPA membership? 
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