Knowledge-Based Preparation, Compilation, and Review Engagements of Construction Contractors and Related Entities

Knowledge-Based Preparation, Compilation, and Review Engagements of Construction Contractors and Related Entities: Guide ebookWolters Kluwer's Knowledge-Based Preparation, Compilation, and Review Engagements of Construction Contractors and Related Entities: Guide examines all applicable review, compilation, and preparation engagement standards and shows you how to conduct engagements in the most efficient and thorough manner possible. The new Knowledge-Based Preparation, Compilation,...
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Knowledge-Based Preparation, Compilation, and Review Engagements of Construction Contractors and Related Entities: Guide ebookWolters Kluwer's Knowledge-Based Preparation, Compilation, and Review Engagements of Construction Contractors and Related Entities: Guide examines all applicable review, compilation, and preparation engagement standards and shows you how to conduct engagements in the most efficient and thorough manner possible. The new Knowledge-Based Preparation, Compilation, and Review Methodology of Construction Contractors and Related Entities: Guide uses Wolters Kluwer's highly effective approach to performing preparation, compilation, and review engagements in concert with practice aids developed specifically to work with the approach. This new approach emphasizes using knowledge of the entity applied to a specific process that is designed to facilitate the flow of information and features efficiency, effectiveness, and cost-saving measures to help reduce the tendency to perform more work than is necessary for many engagements. Included are more than 300 practice aids--checklists, questionnaires, workpapers, sample correspondence, and sample auditor's reports--to take the practitioner through all aspects of preparation, compilation, and review engagements. This compact reference includes careful discussion of the relevant professional standards, in-depth analysis, and numerous illustrations, complimented by the methodology practice aids.2016-2017 EditionThis edition of Knowledge-Based Preparation, Engagements, Compilations, and Review Engagements of Construction Contractors and Related Entities: Guide has been updated for recent developments affecting the performance of preparation, compilation, and review engagements. There have been several developments since the publication of the last edition.The AICPA issued its guide: Preparation, Compilation, and Review Engagements. In addition to providing numerous examples of engagement letters and reports:It provides guidance on the compilations performed on financial statements prepared in accordance with a prescribed format; andIt provides guidance related to the compilation of pro forma financial information and the preparation, compilation, or review of personal financial statements.Statements on Standards for Attestation Engagements (SSAE) was rewritten in the clarity format with the exception of standards related to management's discussion and analysis, as it is an engagement that does not occur frequently, and standards related to an audit of internal control over financial reporting (ICFR) that is integrated with an audit of financial statements.