Description

The session will be an interactive discussion with the Chair and the AICPA staff liaison to the Accounting and Review Services Committee. The presenters will lead a discussion of current standards for review, compilation, and financial statement preparation engagements, proposed standards, and best practices. Included will be a discussion of materiality in a review engagement as well as the ability to issue an adverse review conclusion.

Learning Objectives:

• Determine requirements for review engagements, including materiality and adverse review conclusions.
• Identify current standard setting projects and best practices with the ARSC Chair and staff liaison.

Speaker(s):

• Denny Ard, Partner, DHG
• Michael P. Glynn, CPA, CGMA, Senior Manager - Audit & Attest Standards, AICPA