Objectives
• Explain the difference between preparation, compilation and review usage
• Know when to use each service
• Describe the usage of compilation and review reports
• Describe the changes to the SQCS becoming SQMS
• Develop checklists to use for preparations, compilations, and reviews
• Employ materiality rules to Review Services
• Employ alternatives to standard reporting services
• Discuss practical ideas and ways to implement relevant changes in the firm
• Identify and implement keys to profitable engagements
• Apply the SSARS rules