CE/CPE Course Information

Review of Financial Statements -- Clarified Standards

CPE Credits: 4
Subject Area: Accounting and Auditing
Field of Study: Accounting
Program Level: Overview
Delivery Method: QAS Self-Study
Lesson Version: 20-1
Publication/Revision Date: June 17, 2025
Prerequisites/Advanced Preparation: None
Written By: William A. Hillison, Ph.D., CPA, CMA

Learning
Objectives
After completing this course, you will be able to
  • Explain how a review differs from a preparation, a compilation, or an audit
  • Apply the general principles for SSARSs engagements
  • Prepare an engagement letter for a review
  • Determine and perform procedures for obtaining review evidence
  • Answer technical questions on reporting obligations in a review engagement
  • Develop review documentation
  • Respond to changing conditions in a review
Course Topics
  1. Overview
  2. General Principles for SSARSs Engagements (AR-C 60)
  3. Agreement on Engagement Terms
  4. Nature of Review Evidence
  5. Reporting on the Financial Statements
  6. Documentation in a Review Engagement
  7. Change in Engagement from Audit to Review

This QAS self-study course consists of an Audiovisual presentation, a Knowledge Transfer Outline with multiple-choice questions for study and review, and a Qualified Assessment of 20 questions.

This course is designed for your convenience. You may log out at any time during the course; your current position and all work will be saved. The next time you log in, you can resume right where you logged off.

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For more information regarding administrative policies such as complaints and refunds, please contact our CPE Department at (800) 874-5346 ext. CPE (273).

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