Knowledge-Based Compilations & Reviews, 2013
Author： William W. Nelson J.D. and Shelby Bennett Ph.D.
Publisher： CCH
Publication year： 2012
E-ISBN: 9780808031321
Subject： F8 Finances
Keyword： Tax and Accounting
Language： ENG
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Knowledge-Based Compilations & Reviews, 2013
Description
Now available as an eBook, Knowledge-Based Compilations & Reviews provides practitioners with a fundamental, real-world approach for conducting the highest quality compilations and reviews. It reduces the technical language of official pronouncements to easy-to-read, easy-to-understand advice and procedures and is designed to help the CPA enhance the quality of his or her practice. The book includes an overview and identification of the professional responsibilities that arise when a CPA accepts a compilation or review engagement, discusses and illustrates the procedures that need to be performed, describes the preparation of the CPAs engagement report, discusses management-use-only compilations, and addresses special engagements such as OCBOA-based financial statements and partnership financial statements. This comprehensive resource also deals with topics ranging from attestation standards for review engagements that do not involve financial statements to financial forecasts and projections. Compilations and Reviews contains an appendix that assists CPAs in determining what procedures should be performed and what approach should be used in order to perform an efficient compilation or review engagement. Throughout, the guide features numerous checklists, questionnaires, workpapers, sample correspondence, and sample reports that take the auditor through an engagement from the initial evaluation of a client to the issuance of the auditors report. It comes with a free companion CD-ROM that contains all these knowledge-based tools, which can be modified by practitioners to suit their needs. The book also includes a cross-reference to the original pronouncements and a detailed topical index. Compilations and Reviews meets accounting industry standards overseen by the peer review system and contains a document covering the peer review of this book.
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