Preparing Financial Statements for Clients 26-27
2.00 Credits
Member Price $175
Non-Member Price $229
Overview
This course provides an overview of standards for preparation services, accountants’ risks, and strategies to minimize risks. The course objective is to furnish current guidance and examples from the AICPA’s professional standards for financial statement preparation so that you can apply these to reduce the risk of material misstatements caused by fraud or by error. In addition, this course covers the AICPA’s guidance about professional judgments when providing preparation engagements. Together with the four-hour course “Start-up and Small-Business Financial Statements: Issues and Fraud,” these two courses meet the eight-hour accounting CPE requirement for accountants that prepare financial statements for clients but do not perform client audits, reviews or compilations.
Highlights
• Preparation engagement definition and risk assessment • Materiality • Misstatements & Fraud • Client acceptance and continuation • Engagement letters • Prospective financial statements
Prerequisites
None.
Designed For
CPAs and other financial professionals.
Objectives
• Determine the AICPA“ guidance for financial statement preparation engagements • Recognize the AICPA“ professional standards for risk assessment when performing financial statement preparation engagements • Identify the AICPA“ professional standards for professional judgments when performing financial statement preparation engagements
Preparation
None.
Leader(s):
Leader Bios
Mark Mishler, Kaplan Financial Education
Mark D. Mishler, CPA, CMA is a discussion leader for Loscalzo Associates Ltd. He is Senior Vice President, Chief Financial Officer, Treasurer, and Secretary with Breeze-Eastern (NYSE:BZC), a global aerospace manufacturer. In this role he manages financial planning and analysis plus budgeting and forecasting. He ensures financial integrity and regulatory compliance; works with all operational managers to improve profitability, cash flow, and balance sheet optimization; and develops stakeholders’ confidence in the company. Functionally, he manages finance, accounting, auditing, treasury, tax, SEC reporting, information technology, and risk management. With more than 29 years’ experience in finance and accounting for global public manufacturing companies, Mr. Mishler has led debt and equity financing including an IPO, mergers & acquisitions, public and SEC reporting, audit, manufacturing accounting, information technology, and strategic planning.
Non-Member Price $229
Member Price $175