CORFUND2607. Fundamentals of Construction Preparations, Compilations, and Reviews

This session will cover engagements performed under preparation, compilation, and review standards (SSARS engagements) in a construction contractor environment. We will address the differences among engagements, procedures performed, reporting considerations, and common matters encountered in contractor engagements.

Learning Objectives:

• Distinguish between preparation, compilation, review, and audit services in a contractor environment
• Identify the construction-specific reporting areas that matter in lower-assurance engagements
• Recall the core procedures, documentation, and reporting requirements for each service
• Recognize how a review engagement differs from an audit of a contractor