This comprehensive course provides an in-depth exploration into the art and science of documentation in the accounting and auditing fields. With the growing concern over legal challenges in the profession, Jeff Sailor brings his expertise to teach the critical skills needed for proper documentation. Participants will learn the specific requirements for documenting various types of engagements, including audits, reviews, compilations, preparations, and SSAE standards. The course goes beyond the basics, delving into the theory of exceptional documentation and offering a range of best practices. Jeff Sailor's unique and captivating presentation style, complete with his signature video parodies, makes this course both engaging and highly educational. Perfect for professionals in the accounting and auditing fields, this course will equip participants with the necessary skills to enhance their documentation practices, ensuring compliance with AICPA standards and reducing the risk of professional liability.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Identify the documentation requirements for audits, reviews, compilations, and preparations
Cite the requirements for documenting examinations under the SSAEs and reviews under the SSAEs
Identify the Agreed Upon Procedures engagements under the SSAEs and cite the standards for those engagements
Identify a variety of best practices for documentation
Major Topics
- Engagements for which written documentation is required or not required
Documentation for the following types of engagements
- Audits, Reviews, Compilations, and Preparations
Importance of Documentation
Basics for all Engagements
Documentation Definitions
Form, Content & Extent
Reviewing Documentation
Documentation Finalization
Revisions to Documentation after the Report Date
Selected Required Documentation
Common Documentation Deficiencies
Preparation Engagement
Review Engagement
Pro Forma Compilation Engagement
Examination Under SSAE
Review Under SSAE
Agreed Upon Procedures Engagement Under SSAE