The objective of this course is to inform the reader of the various changes made to the compilation and review standards by the AICPA’s Accounting and Review Services Committee (ARSC), and to address practice issues related to compilation and review engagements. The first section of this course consists of an overview of SSARS No. 21, as amended by SSARS Nos. 22 through 26, and addresses the three types of engagements that can be performed under the SSARSs: a preparation of financial statements engagement, a compilation engagement, and a review engagement, There is also a discussion of the new Quality Management (QM) Standards in SSARS No. 26 and SSARS No. 27, Applicability of AR-C Section 70 to Financial Statements Prepared as Part of a Consulting Services Engagement. The remainder of the course consists of practice issues in compilation and review engagements. Topics include a discussion of an accountant’s responsibility for fraud, internal control and going concern, representation letters for review engagements, personal financial statements, tax-basis financial statements, legends on financial statements, accountant’s liability in compilation and review engagements, saving time in engagements, ethics and independence issues, and more. The focus of the course is to identify, recognize and recall the rules pertaining to various pronouncements, including those related to recent developments.
Compilation and Review 2026 CPE course is a comprehensive self-study program designed to help Certified Public Accountants strengthen their knowledge and skills in professional development. This 20-credit course provides practical insights and real-world applications that CPAs can immediately apply in their professional roles.
Throughout this course, participants will gain a deeper understanding of key concepts, best practices, and emerging trends related to professional development. The course is ideal for CPAs working in public accounting, corporate accounting, government, or consulting who want to enhance their expertise while fulfilling their continuing education requirements.
ACCPE’s flexible self-study format allows you to complete the course at your own pace, making it perfect for busy professionals. Upon successful completion of the exam, you will receive your certificate instantly, allowing you to quickly report your credits and stay compliant with licensing requirements.
Enroll in the Compilation and Review 2026 course today and take advantage of ACCPE’s affordable, convenient, and high-quality continuing education designed specifically for CPAs.
