Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This course will go through the areas of CSRS 4200 where practitioners are facing challenges in applying the standard. Illustrations will be provided on how to handle these challenges and address concerns noted by practice review inspections. An overview of resources available to practitioners will be provided including CPA Canada resources.
In this course, practical examples will be used to illustrate areas where practitioners are having difficulty following the standard from the scope of the standard, to engagement acceptance or continuance decisions, performance of the engagement, and reporting. Practice inspection deficiencies identified nationally will be reviewed. There will also be a brief overview of CPA Canada’s resources – relevant tools and resources for the practitioner along with a brief overview of Knotia and its relevant content and how to search this resource.
Topics Include:
- Challenges faced by practitioners applying CSRS 4200
- Scope
- Client acceptance / continuance
- Performance of the engagement
- Application of ethical standards including independence and other code of conduct requirements
- Documenting knowledge of the entity
- Documenting work done reconciling from client records to compiled financial information
- Addressing withdrawal from the engagement
- Addressing events after issuance
- Reporting on the engagement
- Compilation Engagement Report
- Basis of Accounting Note
- Practice review inspection findings for CSRS 4200 engagements
- Findings to date
- How to address these issues
- Practitioner Resources
- CPA Canada site
- CPA Canada store
- Knotia
- External resources
NOTE: This course description has been revised and reflects updates for 2024. If you have any questions, please contact pdevents@cpaontario.ca.
Key Takeaways
By the end of this course, participants should be able to:
- Overcome any challenges firms face in appropriately applying CSRS 4200 for compilation engagements.
- Describe and address practice inspection issues identified.
- Gain awareness on what CPA Canada support resources are available to practitioners.
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)
Rosanna Lamanna, CPA, CA, has 20 years experience providing accounting, audit, tax and business advisory services. In addition to assisting Canadian and international companies, in a variety of sectors, with their financial reporting and tax compliance needs, she offers strategic advice and helps companies identify business process improvements. Rosanna has extensive experience in working with privately held businesses, including family-owned businesses, and understands the various issues that confront owners and family members in today’s dynamic business environment. She also has considerable experience in working with entrepreneurs and early stage companies, as well as, those scaling for growth. Rosanna has been featured in several business publications and has been interviewed for her perspective on industry issues by various media outlets.