Implement the new compilation standard in an effective and efficient manner by establishing an approach, making business decisions and developing an action plan (1.5 CPD).
This course is unique as it focuses on application and implementation methodologies, not only technical requirements. It is practical in its approach and will help ensure practitioners implement the standard in an efficient and effective manner. Participants will develop an implementation action plan using the template provided as a course resource. Topics covered include understanding scope of the standard, determining users of the compiled financial information, tailoring an engagement letter and drafting a basis of accounting note. The session will also address knowledge of the business and file documentation requirements from a practical perspective. Guidance on other matters such as communicating with clients and drafting the new engagement report will also be addressed. (1.5 CPD)