It is important the practitioner is fully aware of the key considerations of review engagements, before they accept them.
This course provides key information about when a review can be performed instead of an audit, the current legislative/regulatory requirements relating to review engagements and the key considerations to be aware of at each stage in a review.
The objectives of a review of financial information
Entities that can elect to have a review under legislation
Matters to consider before a review engagement is accepted
Is a review the best approach?
Performing the review engagement
Evaluation of material misstatements
The review report
Modified review conclusions
What else do I need to know?
This one hour online course forms part of the FastClass short course suite.
Decide when a review engagement is appropriate
Describe which entities can elect to have a review rather than an audit
Apply the essential elements of a review engagement
Outline the considerations in each stage of a review
Identify which AUASB review standard is appropriate for each type of review engagement
Public practitioners and auditors who audit small businesses and not for profit entities.