Compilation Engagements: Adopting CSRS 4200 - Are You Ready? 2021
The objective of session is to provide practitioners with a brief overview of the new compilation standard, CSRS 4200 and how to apply it for financial periods ending on or after December 15, 2021.
The standard represents a significant change from the existing s. 9200 compilation standard. Implementing the standard will require planning to ensure a smooth transition for both firms and clients.
The session will provide participants with:
1. Brief overview of key CSRS 4200 requirements
2. Implementation for December 31, 2021, year-ends
a. New PEG forms
b. Communications to clients
c. Impact on fees
d. Defining the basis of accounting
e. Representations from management
Marcus Guenther MBA, CPA, CA
Marcus Guenther works with corporations and accounting firms to improve their workflow, internal control and risk management practices, as well as assisting with technical accounting and auditing issues. He is the co-author of the CICA Professional Engagement Manual (CPEM) as well as other technical publications and articles and teaches accounting, IFRS, and auditing and assurance courses for numerous professional organizations.