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.
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.