Description

Review engagements, while more limited in scope than an audit, play an important role in providing users with limited assurance on financial statements. Conducting Review Engagements under SSARS introduces participants to the fundamental responsibilities, procedures, and documentation required under AR-C Section 90. This course explains the core concepts of planning a review, performing inquiries and analytical procedures, and preparing a proper review report. Through clear explanations and practical guidance, participants gain the foundational knowledge needed to understand how review engagements are performed and how they differ from audits and compilations.

Target Audience

CPAs, public accountants, and accounting staff who are new to review engagements or need a foundational understanding of SSARS review requirements

Course Objectives

• Describe the basic purpose and requirements of a review engagement under SSARS.

• Identify the fundamental procedures involved in performing a review, including inquiry and analytical procedures.

• Explain the roles and responsibilities of management and the accountant in a review engagement.

• Recognize the essential documentation and reporting requirements for a standard review engagement.

Subjects

• Purpose and scope of review engagements under SSARS

• AR-C Section 90

• Basic performance requirements, including inquiries and analytical procedures

• Establishing an understanding with the client

• Fundamental documentation requirements

• Management's responsibilities vs. the accountant's responsibilities

• Overview of the management representation letter

• Introduction to going-concern considerations

• Key elements of the review report