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Compilation & Review - 2026
Course Information
Program Level: Basic
CPE Credit: 8 Hours
Field of Study: Auditing
Overview A focused update on preparation, compilation, and review engagements under SSARS for practitioners serving private companies and nonprofits. This course focuses on core requirements, recent changes (including SSARS 26 and 27), and common problem areas into practical, real-world guidance you can immediately apply in your practice.
Topics
Professional standards overview · SSARS vs. SAS vs. SSAE vs. PCAOB · Assurance levels: audit, review, compilation, preparation AR‑C 70: Preparation of financial statements · When AR‑C 70 applies vs. consulting under CS 100 · Legends, disclaimers, disclosures, and known departures AR‑C 80: Compilation engagements · Objective, scope, and limited procedures · Independence and “not independent” reporting · Omitted and selected disclosures; supplementary information AR‑C 90: Review engagements · Nature of limited assurance · Required analytical procedures and inquiries · Representation letters, materiality, and documentation Special purpose frameworks Reporting for special purpose frameworks Non‑attest services and independence threats SSARS 26 quality management requirements SSARS 27: Consulting vs. preparation—when AR‑C 70 is not required Common peer review deficiencies and how to avoid them
Objective
To equip CPAs with clear, concise, and current guidance to: · Choose the right level of service (preparation, compilation, review) for each client. · Perform AR‑C 70, 80, and 90 engagements efficiently and in full compliance. · Apply special purpose frameworks, especially tax basis, with proper reporting. · Maintain independence while providing non‑attest services. · Implement practical quality management steps that satisfy SSARS 26 and reduce peer review findings. |