How to Conduct a Review Engagement

Price: $19.99

CPE Credits: 2.0

Category:

Course Number: AURENGSB

review engagement

Description:
A review engagement involves a significantly reduced set of activities from an audit engagement, with a focus on analytical procedures and inquiries. In How to Conduct a Review Engagement, we describe the nature of these analytical procedures and inquiries, as well as every other aspect of a review engagement, including the engagement letter, representation letter, and accountant’s review report. This course is based on SSARS 21, Statements on Standards for Accounting and Review Services: Clarification and Recodification.
Table of Contents
Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: April 2018
Format: PDF
Pages: 45

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

• Recognize the situations in which the accountant cannot accept a review engagement.
• List the contents of an engagement letter.
• Cite the reasons why the accountant needs an adequate knowledge of the client’s business.
• Describe the different types of analytical procedures that can be used as part of a review engagement.
• List the different types of inquires that an accountant would make as part of a review engagement.
• Describe the decision criteria for judging whether an uncorrected misstatement is material.
• Recognize the types of evidence indicating that a client may not be able to continue as a going concern.
• Recognize the available methods for keeping a review report from being used in the future by a client.
• Cite the contents of a representation letter.
• Recognize how the accountant handles a client request to use financial statements prepared in accordance with a special purpose framework.

Description:
A review engagement involves a significantly reduced set of activities from an audit engagement, with a focus on analytical procedures and inquiries. In How to Conduct a Review Engagement, we describe the nature of these analytical procedures and inquiries, as well as every other aspect of a review engagement, including the engagement letter, representation letter, and accountant’s review report. This course is based on SSARS 21, Statements on Standards for Accounting and Review Services: Clarification and Recodification.
Table of Contents
Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: April 2018
Format: PDF
Pages: 45

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

• Recognize the situations in which the accountant cannot accept a review engagement.
• List the contents of an engagement letter.
• Cite the reasons why the accountant needs an adequate knowledge of the client’s business.
• Describe the different types of analytical procedures that can be used as part of a review engagement.
• List the different types of inquires that an accountant would make as part of a review engagement.
• Describe the decision criteria for judging whether an uncorrected misstatement is material.
• Recognize the types of evidence indicating that a client may not be able to continue as a going concern.
• Recognize the available methods for keeping a review report from being used in the future by a client.
• Cite the contents of a representation letter.
• Recognize how the accountant handles a client request to use financial statements prepared in accordance with a special purpose framework.

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