{"product_id":"annual-update-and-practice-issues-for-preparation-compilation-and-review-engagements-isbn-9781119737407","title":"Annual Update and Practice Issues for Preparation, Compilation, and Review Engagements","description":"\u003cp\u003eA practice-oriented review of the latest developments related to SSARS Nos. 21-24, this title includes a wide range of issues, including:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eDevelopments in the conceptual framework\u003c\/li\u003e \u003cli\u003eNew and proposed independence interpretations\u003c\/li\u003e \u003cli\u003eConsideration of materiality in a review engagement\u003c\/li\u003e \u003cli\u003eGoing concern considerations\u003c\/li\u003e \u003cli\u003eRestatement of prior year financial statements\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003cb\u003eChapter 1 1-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction to Preparation, Compilation, and Review Engagements 1-1\u003c\/p\u003e \u003cp\u003eReporting on financial statements 1-2\u003c\/p\u003e \u003cp\u003eEvolution of engagements to prepare financial statements 1-5\u003c\/p\u003e \u003cp\u003eHierarchy of standards and guidance 1-7\u003c\/p\u003e \u003cp\u003eQuality control in engagements performed under SSARSs 1-10\u003c\/p\u003e \u003cp\u003ePeer review 1-14\u003c\/p\u003e \u003cp\u003eSummary 1-16\u003c\/p\u003e \u003cp\u003ePreparation engagements 1-17\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 2-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCurrent Economic Environment 2-1\u003c\/p\u003e \u003cp\u003eThe U.S. business environment 2-2\u003c\/p\u003e \u003cp\u003eImplications of the current economy 2-5\u003c\/p\u003e \u003cp\u003eSummary 2-11\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 3-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRecent Statements on Standards for Accounting and Review Services Developments 3-1\u003c\/p\u003e \u003cp\u003eSSARS No. 24, \u003ci\u003eOmnibus Statement on Standards for Accounting and Review Services – 2018 \u003c\/i\u003e3-2\u003c\/p\u003e \u003cp\u003eSSARS Nos. 22–23, \u003ci\u003eCompiling Pro Forma and Prospective Financial Information \u003c\/i\u003e3-14\u003c\/p\u003e \u003cp\u003eSummary 3-20\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 4-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePerforming an Engagement to Prepare Financial Statements 4-1\u003c\/p\u003e \u003cp\u003eObjective and scope 4-2\u003c\/p\u003e \u003cp\u003ePerformance requirements 4-4\u003c\/p\u003e \u003cp\u003eDocumentation for engagements to prepare financial statements 4-8\u003c\/p\u003e \u003cp\u003eSummary 4-10\u003c\/p\u003e \u003cp\u003ePractice questions 4-11\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 5-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePerforming Compilation Engagements 5-1\u003c\/p\u003e \u003cp\u003eCompilation framework and objectives 5-2\u003c\/p\u003e \u003cp\u003eCompilation performance standards 5-7\u003c\/p\u003e \u003cp\u003eDocumentation for compilation engagements 5-10\u003c\/p\u003e \u003cp\u003eSummary 5-14\u003c\/p\u003e \u003cp\u003ePractice questions 5-15\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 6-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePerforming Review Engagements 6-1\u003c\/p\u003e \u003cp\u003eReview general principles and objective 6-2\u003c\/p\u003e \u003cp\u003eReview performance standards 6-7\u003c\/p\u003e \u003cp\u003eDocumentation for review engagements 6-15\u003c\/p\u003e \u003cp\u003eChange in level of service 6-19\u003c\/p\u003e \u003cp\u003eSummary 6-20\u003c\/p\u003e \u003cp\u003ePractice questions and case studies 6-21\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 7-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEngagement Administration Issues 7-1\u003c\/p\u003e \u003cp\u003eIndependence 7-2\u003c\/p\u003e \u003cp\u003eQC Section 10: \u003ci\u003eA Firm’s System of Quality Control \u003c\/i\u003e7-9\u003c\/p\u003e \u003cp\u003eSummary 7-15\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 8-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCompilation and Review Reporting Issues 8-1\u003c\/p\u003e \u003cp\u003eCommon modifications to standard compilation reports 8-2\u003c\/p\u003e \u003cp\u003eCommon modifications to standard review reports 8-4\u003c\/p\u003e \u003cp\u003eReporting on supplementary and required supplementary information 8-5\u003c\/p\u003e \u003cp\u003eEmphasis-of-matter or other-matter paragraphs 8-7\u003c\/p\u003e \u003cp\u003eSummary 8-13\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 9-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSpecial Purpose Framework Financial Statement Issues 9-1\u003c\/p\u003e \u003cp\u003eSpecial purpose framework financial statements 9-2\u003c\/p\u003e \u003cp\u003ePractice questions 9-8\u003c\/p\u003e \u003cp\u003eSummary 9-9\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 10-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCurrent Accounting and Reporting Issues 10-1\u003c\/p\u003e \u003cp\u003eCommon deficiencies in peer reviews 10-2\u003c\/p\u003e \u003cp\u003eOverview of FASB activities 10-9\u003c\/p\u003e \u003cp\u003eSummary 10-21\u003c\/p\u003e \u003cp\u003ePractice questions 10-22\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 11-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOn the Horizon 11-1\u003c\/p\u003e \u003cp\u003eResources 11-2\u003c\/p\u003e \u003cp\u003eARSC pipeline 11-4\u003c\/p\u003e \u003cp\u003eFASB pipeline 11-6\u003c\/p\u003e \u003cp\u003eSummary 11-8\u003c\/p\u003e \u003cp\u003eGlossary Glossary 1\u003c\/p\u003e \u003cp\u003eIndex Index 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSolutions Solutions 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1 Solutions 1\u003c\/p\u003e \u003cp\u003eChapter 2 Solutions 3\u003c\/p\u003e \u003cp\u003eChapter 3 Solutions 4\u003c\/p\u003e \u003cp\u003eChapter 4 Solutions 8\u003c\/p\u003e \u003cp\u003eChapter 5 Solutions 11\u003c\/p\u003e \u003cp\u003eChapter 6 Solutions 17\u003c\/p\u003e \u003cp\u003eChapter 7 Solutions 23\u003c\/p\u003e \u003cp\u003eChapter 8 Solutions 29\u003c\/p\u003e \u003cp\u003eChapter 9 Solutions 37\u003c\/p\u003e \u003cp\u003eChapter 10 Solutions 42\u003c\/p\u003e \u003cp\u003eChapter 11 Solutions 44\u003c\/p\u003e \u003cp\u003e\u003cb\u003eHugh Parker, Ph.D., CPA, \u003c\/b\u003ehas more than 25 years of experience in accounting, auditing, business valuation, and litigation support in local and regional firms. He 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.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eKimberly Burke, Ph.D., \u003c\/b\u003e\u003cb\u003eis \u003c\/b\u003eprofessor of accountingat the Dean at Millsaps College's Else School of Management. 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. She has published in multiple publications including \u003ci\u003eAdvances in Accounting\u003c\/i\u003e, \u003ci\u003eSouthern Economic Journal\u003c\/i\u003e, \u003ci\u003eJournal of Information Systems\u003c\/i\u003e, \u003ci\u003eJournal of Service Marketing\u003c\/i\u003e and \u003ci\u003eInternal Auditing\u003c\/i\u003e.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988742783205,"sku":"NP9781119737407","price":107.5,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119737407.jpg?v=1761781413","url":"https:\/\/k12savings.com\/es\/products\/annual-update-and-practice-issues-for-preparation-compilation-and-review-engagements-isbn-9781119737407","provider":"K12savings","version":"1.0","type":"link"}