CSRS 4200: Engagement Scoping Excel Workbook
Our transition to the new compilation engagement standard, CSRS 4200, started with scoping our client clients. With just under 1,000 compilation engagements we didn’t want to wait. This product is the excel workbook we used to sort our clients based on the users of the financial statements into three main categories: management only; limited to commercial lenders; and ‘other’. We also identified the industry/sector of the client. We are now using this information to identify which clients will need to reach out the third parties to get acknowledgement that the compilation engagement and the proposed basis of accounting, based on templates we created for each industry/sector, for the financial statements continues to be sufficient for their purposes. We then transitioned this data into our time and billings system and generated new information reports for firm management purposes.
We are currently offering discount pricing on CSRS 4200: Compilation Engagement Resources.