Course: Review Engagement Refresher

This course is from our 2015/2016 series

Review engagements are by far the most popular method by which practitioners provide assurance on information provided by their privately-owned clients. However, there is frequently confusion over how much work is necessary to meet the professional requirements of a review. Such confusion often results in practice inspection concerns.

This presentation is intended to provide an in-depth look at the requirements of the CPA Canada Assurance Handbook regarding review engagements.

Topics to be discussed will include:

  • Association with information
  • Independence and other quality assurance requirements
  • General review standards
  • Standards relating specifically to financial statement reviews
  • Reviews of special-purpose financial information
  • Practical review techniques for signifcant financial statement areas
  • Review reporting issues
  • Recent practice inspection findings regarding review engagements
  • Proposed changes to review engagement standards

This course will provide practical suggestions intended to increase efficiency and reduce risk in the performance of review engagements.