Description
A convenient, accessible way for firms to train their staff in this area of practice, this CPE course provides fundamental training on the performance standards associated with review engagements.
Objectives
- Identify the performance standards for a review engagement.
- Recognize the minimum documentation requirements for a review engagement.
- Recall the forms and checklists typically used in a review engagement.
- Compare the change in level of service from an audit to a review.
Highlights
- Accepting or continuing a client relationship
- Establishing an understanding with the client
- Obtaining knowledge of the industry and client's business
- Obtaining sufficient appropriate review evidence
- Different sources of review evidence
- Reading the financial statements to ensure that they are correct in form and free from obvious error
- Communicating information with management or those charged with governance
- Documenting the review engagement using a work program, bridging documents, forms, and checklists
- Changes in the level of service from audit to review