Many practitioners and their clients have determined to forgo the time and expense associated with audit engagements and instead subject financial statements to compilation or review procedures. During the past 18 months; the AICPA's Accounting and Review Services Committee has issued three new standards; Statements on Standards for Accounting and Review Services Nos. 15-17; which impact the performance and reporting requirements for compilation and review engagements.

You will need to be aware of the new requirements and how they impact engagements and practices in order to perform your engagements in accordance with professional standards. In addition; the ARSC is currently working on an exciting new project that is intended to allow the expression of limited assurance even when your independence may be impaired because of the performance of certain control activities on behalf of the client. Mike Glynn; a technical manager with the AICPA's Audit & Attest Standards Team as well as the staff liaison to the ARSC; will walk you through the new requirements and will discuss the theory and concepts behind the new project.

Faculty: Michael P. Glynn; CPA; AICPA

Verification and Attendance is the responsibility of Lorman Education For credit questions, please contact Lorman at 866-352-9540

On Demand CLE Hours: AZ 1.5; CA 1.5; MO 1.5; MS 1.5; MT 1.5; PA 1.5; TN 1.5; VT 1.5; WA 1.5; WI 1.5; WV 1.5

Self-Study CLE Hours: AZ 1.5; CA 1.5; CO 2; GA 1.5; ME 1.5; MT 1.5; NV 1.5; UT 1.5; VT 1.5; WA 1.5; WV 1.8

On demand orders placed on a weekend or holiday will be fulfilled on the next business day.