An overview of the CSRS 4200 Compilation Standard for new and experienced practitioners.  This seminar will include hands on opportunities to review application of the standard to different scenarios and client engagements.

This seminar provides practitioners with practical application steps and guidance for ongoing use of CSRS 4200 for compilation engagements.  The seminar will include discussion and application of the components of the standard from engagement acceptance to completion and reporting.  Time will be spent on the major sections of the standard, breaking down the course into sections on planning, performance and reporting including the creation of working papers and documents to use as examples in practice.  Participants will leave with an understanding of the standard, some working examples and materials to use as a reference to apply in their practices.

There will be opportunities to apply the standard to different scenarios and make use of different approaches to application of the standard’s components.  This course will also provide best practices for compilation engagements and addresses frequently asked questions from practitioners with respect to CSRS 4200.

LEARNING OBJECTIVES 

• Through use of illustrative examples, apply CSRS 4200 from engagement acceptance to reporting for all compilation engagements in their practices.
• Through use of illustrative examples, apply CSRS 4200 to a variety of situations including need to withdraw or events after issuance.
• Through the use of course tools, develop plans to educate clients on the work done on their compilation engagements and how this improves the professional services they are receiving.
• Understand what resources are available for practitioners in applying the standard to their practices.
• Understand and apply best practices in conducting compilation engagements.

CONTENT 

CSRS 4200 Standard

• Overview of the standard
•  Walk-through of the standard in detail (including case studies, group discussion and creation of working papers / documentation / implementation plans).
• Requirements in Planning.
• Documentation.
• Reporting.
• Communication with the Client.
• Practice review findings common to compilation engagements and how the new standard addresses existing and potential issues.
• Best Practices for compilation engagements and address FAQs for CSRS 4200 specifically.
• Review of References / Materials Available for Application of the Standard.

PREREQUISITES 

None required but experience preparing compilation engagements is an asset.

WHO WILL BENEFIT 

New and experienced practitioners performing corporate income tax return and compilation of financial statements engagements.

Instructor: Sara Kuehner

REGISTER HERE