Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
A detailed overview of the CSRS 4200 Compilation Standard for new and experienced practitioners. This course will include hands on opportunities to review application of the standard to different scenarios and client engagements.
This course provides practitioners with practical application steps and guidance for the ongoing use of CSRS 4200 for compilation engagements. The course will include discussion and application of the components of the standard from engagement acceptance, performance, completion and to reporting. Time will be spent on the major sections of the standard, breaking down the course into sections on planning, performance, and reporting including the creation of working papers and documents to use as examples in practice. Participants will leave with an understanding of the standard, some working examples, and materials to use as a reference to apply in their practices.
There will be opportunities to apply the standard to different scenarios and make use of different approaches to application of the standard’s components. This course will also provide best practices for compilation engagements and address frequently asked questions from practitioners with respect to CSRS 4200.
Topics Include:
- CSRS 4200 Standard
- Overview of the standard
- Walk-through of the standard in detail (including case studies, group discussion, and creation of working papers/documentation/implementation plans)
- Requirements in Planning
- Documentation
- Reporting
- Communications with the Client at different stages of the engagement
- Best Practices for compilation engagements and address FAQs for CSRS 4200 specifically
- Review of References/Materials Available for Application of the Standard
NOTE: This course description has been revised and reflects updates for 2024. If you have any questions, please contact pdevents@cpaontario.ca.
Schedule
- December 3, 2024, 8:30 a.m. - 12:30 p.m.
- December 4, 2024, 8:30 a.m. - 12:30 p.m.
Key Takeaways
By the end of this course, participants should be able to:
- Apply CSRS 4200 from engagement acceptance to reporting for all compilation engagements in their practices.
- Apply CSRS 4200 to a variety of situations including the need to withdraw or events after issuance.
- Develop plans to educate clients on the work done on their compilation engagements and how this improves the professional services they are receiving.
- Apply best practices in conducting compilation engagements.
- Describe what resources are available for practitioners in applying the standard to their practices.
Who Will Benefit
New and experienced practitioners performing corporate income tax returns and compilation of financial statements engagements.
Prerequisite(s)
None required but experience preparing compilation engagements is an asset.
Disclaimer
The views expressed in the course are non-authoritative and have not been formally endorsed by CPA Ontario and do not reflect the views of CPA Ontario. The information included in the course is for general information purposes only.
CPA Ontario, the presenters and the authors do not accept any responsibility or liability that might occur directly or indirectly as a consequence of the use or application of or reliance on this material.
How to Access the Course
This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time. To get the full experience of this interactive course, use a computer that has video and microphone capabilities.
Electronic material can be accessed one week prior to the course and should be downloaded in advance.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Shari Mann, CPA, CA is a lecturer at the University of Waterloo, president of Strann Consulting Inc. and a member of the Private Enterprise Advisory Committee. Prior experience includes over ten years in public practice, both in Canada and New Zealand. In one of her positions, Shari was responsible for staff training, standards and quality control at a national firm. Her consulting activities include the preparation and presentation of numerous professional development courses in financial accounting and assurance. Complementary activities include the provision of professional services to small and medium-sized accounting firms.