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Best Practices for Nonattest Services2 mins
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Accounting Workpaper Documentation - Best Practices14 mins
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Preparation of F/S - Minimum Requirements33 mins
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Basis of a Compilation49 mins
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Known Departures Pre - SSARS No.2567 mins
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Exercise - Scope of Services90 mins
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Click Here to Register- Course Description
- Course Qualification
- Presenter
- FAQ
Course Description
Course Description
A CPA may engage with clients for
various attest and nonattest services. However, it is required to know that
there are standards for each of the services. If these standards are not met,
each of these services also carries the risk of litigation. Therefore it is
required for the CPAs to make required preparations for all types of
engagement.
A CPA may perform various attest
services under relevant professional standards, including compilations, reviews,
and audits. Reviews and audits
engagement are also considered assurance services, providing either limited
or reasonable assurance that financial statements are free of material
misstatement. In addition, the CPA may perform non-attest services, such as
bookkeeping or the preparation of financial statements.
CPAs must fully understand the
professional responsibilities related to each of these varying levels of
services, in order to effectively and efficiently
satisfy engagement objectives. It is also clear that with increased
services from bookkeeping and write-up to compilation, review, and audit – the
requirements, preparation, and risk changes. The webinar will also discuss the most
common issues faced during all types of engagements. We will also discuss special
purpose frameworks and other related issues for various engagements. At last,
the speaker will discuss the best practices for all
types of engagements.
The following are the Major Topics discussed during the webinar:
- Compare the basis and requirements of preparing financial statements, compilations, reviews, and audits
- Contrast the basis and requirements of preparing financial statements, compilations, reviews, and audits
- Critical elements of compilation, review, and audit reports
- Impact of special-purpose accounting frameworks and other special issues
- Exercise on designing inquiries and analytics in a review
- Case study differentiating the scope of various non-attest and attest services
- Avoiding litigation risks in accounting services
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Learning Objectives
- To explore and explain how to avoid litigation risk in bookkeeping services.
- To explore and explain the basis and requirements for a compilation contrasted with preparing financial statements.
- To discover and discuss special purpose frameworks and other issues.
- To discover and describe the basis and requirements for a review.
- To explore and explain the basis and fundamental requirements for an audit.
Recommended For
- Accountants who provide attest services, such as compilations, reviews, and audits.
- This Online Webinar on Auditing is recommended for CPA, CMA, CFE, CIA, CRMA, and Other Professionals who desire to support their clients with adaptive engagement services that covers its requirements and mitigates the risk areas
Who Should Attend?
- Accountant
- Accounting Firm
- Accounting Managers
- CPA (Industry)
- CPA - Mid Size Firm
- CPA - Small Firm
- Entrepreneurial CPA
- Senior Accountant
- Staff of Accounting Firm
- Young CPA
Course Qualification
Webinar Qualifies For
- 2 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
- 2.5 CPE Credit for Certified Management Accountants (CMA)
- 2.5 CPE Credit for Certified Internal Auditors (CIA)
- 2.5 CPE Credit for Certified Fraud Examiner (CFE)
- 2.5 CPE Credit for Certification in Risk Management Assurance (CRMA)
- 2.5 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
- 2.5 CE Credit for Certified Wealth Strategist (CWS)
- 2.5 General Credit for Accountant/Bookkeeper (ACCT./BK)
- 2.5 CPD Credit for Chartered Accountants - ICAEW
- 2.5 CPD Credit for Chartered Certified Accountants (ACCA)
- 2.5 CPD Credit for Chartered Accountants - Ireland (CAI)
- 2.5 CPD Credit for Chartered Accountants - Scotland
- 2.5 CPD Credit for CPA - Ireland
Additional details
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Course Level :Basic
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Credits :2.5
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Instructional Method :QAS Self Study
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Pre-requisites :None
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Advance Preparation :None
NASBA APPROVED
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Presenter
About Presenter
Jennifer Louis, CPA (US)
President, Emergent Solutions Group LLC
Jennifer F. Louis, CPA has over 25 years of experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003, she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering high-quality, practical, and engaging accounting and auditing training. She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly-respected training and audit process consulting firm. Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP. At the start of her professional career, Jennifer was an Audit Manager for Deloitte & Touche LLP, where she frequently served as a local and national instructor. Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting. Besides loving life on the lake with her husband in Charlotte, NC, she enjoys hiking with her little dog Frodo Beggins, and savoring any precious moments spent with her two young adult boys.
About Company
Emergent Solutions Group LLC
Emergent Solutions Group is highly rated in course design and instruction on a wide array of topics, including accounting, auditing, personal development, project management, practice management, and more. Our Services includes :
1. Developing High-Caliber, Cost-Effective Training Content
2. Revamping or Customizing Existing Training Offerings
3. "On-Call” Instructing and Speaking
4. Training the Trainer
Faq
FAQs content
- To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
- Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
- You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
- Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
- This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
- If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
- Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
- You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
- As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
- myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.
Ratings and Review
4.5
6 Ratings
$36
2.5 Credits
Subject Area
Auditing
