JN CPE Courses
JN Productions CPE Courses - PO Box 293024 - Lewisville, TX 75029
Phone (800)479-5636 Fax (443)222-0698
This course is included in our Mega CPE Special
Delivery Method: Self-Study. Make your purchase through our secure shopping cart. Once your purchase is completed, you will receive an e-mail with course access instructions.
Format: Online. (Printed book available for addl. $20.00 plus s/h.)
Prerequisites: None
Level: Basic
CPE Credit: 16 Hrs. Auditing
Price without printed book: $129.00
Price with printed book: $149.00 plus s/h
Course expiration: You have one year from date of purchase to complete the course.
Course Description:
Delivery Method: Self-
Format: Online. (Printed book available for addl. $20.00 plus s/h.)
Prerequisites: None
Level: Basic
CPE Credit: 16 Hrs. Auditing
Price without printed book: $129.00
Price with printed book: $149.00 plus s/h
Course expiration: You have one year from date of purchase to complete the course.
Course Description:
The purpose of this course is to inform the reader of the various changes proposed by the Accounting and Review Services Committee of the AICPA and practice issues surrounding compilation and review engagements. This course changes in SSARS Nos. 9 through 18, and responsibility for fraud, internal control and going concern, representation letters for reviews, personal financial statements, using staff, compiling pro forma financial information, OCBOA financial statements, legends on financial statements, and more.
Learning Objectives:
· Identify the exemptions from the SSARSs
· Review the chronology of SSARSs and related interpretations that have been issued since inception
· Apply the ethics rules to controllers who seek to issue financial statements
· Understand how fraud and internal control apply to compilation and review engagements
· Apply going concern issues to the SSARSs and identify factors that could suggest there is a going concern problem
· Use OCBOA financial statements in compilation and review engagements
· Know what elements to include in a management representation letter
· Identify the numerous changes made by SSARS No. 9
· Apply the guidance of SSARS No. 10 including the expanded procedures, inquiries and other procedures related to review engagements
· Comprehend how the SSARS hierarchy is structured
· Understand the revised fraud language that must be included in an engagement letter as well as other changes found in SSARS No. 12
· Utilize the guidance of SSARS No. 13 to compilations of specified elements, accounts, or items of a financial statement
· Apply to guidance of SSARS No. 14 to compilation engagements of pro forma financial information
· Understand the changes to the definition of compilation and review engagements found in SSARS No. 17
· Understand the revised definition of third party and other changes made by SSARS No. 17
· Learn when the SSARSs do not apply to a review of interim financial information under SAS No. 116
· Use personal financial statements and prescribed forms
· Understand how to report on budgets
· Identify provisions to incorporate into engagement letters to protect the accountant against liability claims
· Discuss the key changes to independence rules found in Interpretation 101-
· Report when there are material GAAP departures
· To understand what GAAP is as it relates to compilation and review engagements
· To review how SSARS provides for companies who wish to present selected disclosures
About the Author:
STEVEN C. FUSTOLO, CPA
Mr. Fustolo is a partner with the Boston CPA firm of James J. Fox & Company and Director of the National Tax Institute, Inc. He is a frequent lecturer and author of numerous tax and accounting issues affecting closely held businesses. An AICPA author, Mr. Fustolo’s articles are regularly featured in The Practical Accountant and other publications. He is the author of Practice Issues: Compilation and Review, Accounting and Auditing Reference Guide, Everything You Never Wanted to Know About GAAP, Enron: Fraud, Deception and the Aftermath, FASB Review for Industry, and FASB, SSARS and SAS Update and Review and numerous other books and manuals. He is the recipient of several Outstanding Discussion Leader awards from many professional organizations including the New York and Florida Societies of CPAs. Mr. Fustolo’s course entitled FASB, SSARS and SAS Update and Review continues to receive accolades and is regarded as one of the top live CPE programs in the country today with ratings that average 4.91 on a scale of 5.0. Mr. Fustolo is the recipient of the Elijah Watts Sells Award (AICPA) and Silver Medal (Massachusetts) for scores received on the CPA Examination.
STEVEN C. FUSTOLO, CPA
Mr. Fustolo is a partner with the Boston CPA firm of James J. Fox & Company and Director of the National Tax Institute, Inc. He is a frequent lecturer and author of numerous tax and accounting issues affecting closely held businesses. An AICPA author, Mr. Fustolo’s articles are regularly featured in The Practical Accountant and other publications. He is the author of Practice Issues: Compilation and Review, Accounting and Auditing Reference Guide, Everything You Never Wanted to Know About GAAP, Enron: Fraud, Deception and the Aftermath, FASB Review for Industry, and FASB, SSARS and SAS Update and Review and numerous other books and manuals. He is the recipient of several Outstanding Discussion Leader awards from many professional organizations including the New York and Florida Societies of CPAs. Mr. Fustolo’s course entitled FASB, SSARS and SAS Update and Review continues to receive accolades and is regarded as one of the top live CPE programs in the country today with ratings that average 4.91 on a scale of 5.0. Mr. Fustolo is the recipient of the Elijah Watts Sells Award (AICPA) and Silver Medal (Massachusetts) for scores received on the CPA Examination.
Course #F030b Including Printed Book
$149.00
No extra charge for online exam
Course Registration:
Course #F030 ONLINE
$129.00
Course #F030 ONLINE
$129.00
Course #F030 BOOK ONLY
$20.00
Order the book only:
-If you do not need CPE credit but are looking for excellent reference material.
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-If you have already ordered the online course or the Mega CPE Special and now want to order the printed book. (No CPE credit is available if you have not ordered the complete course).
