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. 

Key topics:

  • The objectives of a review of financial information
  • Entities that can elect to have a review under legislation
  • Independence
  • 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.

Learning objectives

  • 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.

365 Days