How to Conduct a Review Engagement ON DEMAND
Available Until
Your Desk
2.0 Credits
Member Price $58.00
Non-Member Price $67.00
Overview
Before this auditing CPE course, the realm of review engagements might seem intricate and challenging, especially in understanding and applying analytical procedures and inquiries. How to Conduct a Review Engagement serves as a bridge to overcome this challenge. After completing the course, participants will transition from uncertainty to a comprehensive understanding of review engagements. The audit CPE course covers the nature of analytical procedures, the preparation of engagement letters, and the elements of a review report. Participants will learn to evaluate the suitability of review engagements, handle client inquiries effectively, and assess material misstatements. This transformation is vital for accountants and financial professionals, enhancing their ability to conduct review engagements with confidence and accuracy, in accordance with SSARS 21 standards.
Highlights
Conducting review engagement. Analytical procedures. Variations of the accountant’s review report.
Prerequisites
None.
Designed For
CPAs, controllers, accountants, financing professionals, business owners, and managers.
Objectives
Identify 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. Identify 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.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $67.00
Member Price $58.00