Recurring Deficiencies in Compilations and Reviews and How to Avoid Them - SSARS Procedures Reports and Accounting Matters

Each year deficiencies are discovered in compilation and review engagements, as a result of peer review. Do you know the difference between minor deficiencies and major deficiencies? Do you know how to avoid these common mistakes? Find out what the most common deficiencies are and how to avoid them in this practical and informative webinar.

• Overview of peer review
• Examples of minor engagement deficiencies
• Examples of major engagement deficiencies
• Identifying matters, findings and deficiencies
• Recurring deficiencies – SSARS procedures
• Recurring deficiencies – reports
• Recurring deficiencies – accounting matters
• How to avoid common mistakes

For any of us who perform attestation functions, peer review is part of our world. The peer review process is a requirement for us to maintain the highest level of compliance with our professional guidance. However, the peer review process does not raise our revenues and uses time better spent serving our clients’ needs.

Therefore, spend some time with us learning about the most common mistakes made during compilation and review engagements, because for mistakes (deficiencies) noted in a peer review time must be spent in remediation and education along with possible penalties. Make your office less susceptible to problems due to peer review process, resulting in a more profitable practice.

• Accountants in public practice
• Accountants who perform attest functions
• Compliance managers and officers
• Risk managers and officers
   

Candace Curry Leuck is owner of Athena Finance Group, Inc. specializing in strategic planning, distressed entity recovery, valuations, and educational programs. Athena's mission is to pursue and communicate the information clients need. This is accomplished through a cooperative working relationship. Based on solid strategy, the outcome is an expansion of the opportunities of those served. Candace was associated with Ernst & Young in the tax and then auditing area, serving small, midsized and SEC clients during her tenure. She gained significant experience with various industries including manufacturers, automobile dealerships and securities brokers. Upon leaving Ernst & Young, Candace pursued and obtained her Masters of Professional Accountancy from Clemson University and proceeded to her career in the educational arena, teaching at Clemson University, Furman University, and the University of North Carolina at Greensboro. She returned to Clemson in the Fall of 2006 and remained through Spring of 2012. In addition to undergraduate and graduate education, Candace has developed and taught various continuing education courses in both live format and through webcast technology.