How to Conduct a Review Engagement (Course Id 1341)

New / QAS / Registry

Author :	Steven Bragg, CPA
Status :	Production
CPE Credits :	2.0
IRS Credits :	0
Price :	$17.95
Passing Score :	70%
NASBA Technical:	Yes
Primary Subject-Field Of Study:	Auditing - Auditing for Course Id 1341
Description :	A review engagement involves a significantly reduced set of activities from an audit engagement, with a focus on analytical procedures and inquiries. In How to Conduct a Review Engagement, we describe the nature of these analytical procedures and inquiries, as well as every other aspect of a review engagement, including the engagement letter, representation letter, and accountant’s review report. This course is based on SSARS 21, Statements on Standards for Accounting and Review Services: Clarification and Recodification.
Usage Rank :	0
Release :	2018
Version :	1.0
Prerequisites :	None.
Experience Level :	Overview
Additional Contents :	Complete, no additional material needed.
Additional Links :	Analytical Procedures in a Review Engagement
Advance Preparation :	None.
Delivery Method :	Self-Study
Intended Participants :	Anyone needing Continuing Professional Education (CPE).
Revision Date :	08-Mar-2018
NASBA Course Declaration :	Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :	NASBA QAS - NASBA Registry - 1341
Keywords :	Auditing, How, Conduct, Review, Engagement, cpe, cpa, online course
Learning Objectives :	Course Learning Objectives Recognize the situations in which the accountant cannot accept a review engagement. List the contents of an engagement letter. Cite 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. Cite 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.
Course Contents :	Chapter 1 - How to Conduct a Review Engagement Engagement Acceptance Issues Client Acceptance of the Relationship Engagement Letter General Understanding of the Client Analytical Procedures Comparison to Prior Period Information Comparison to Nonfinancial Information Comparison to Expectations Compare Disaggregated Revenue Information Use of Analytical Procedures Considerations Regarding Analytical Procedures Inquiries Additional Analyses Evaluation of Evidence Going Concern Considerations Subsequent Events The Representation Letter The Accountant’s Review Report Variations on the Accountant’s Review Report Special Purpose Framework Comparative Financial Statements Emphasis-of-Matter and Related Issues Known Departures from the Applicable Framework Restriction of Use Alert Reference to the Work of Other Accountants Supplementary Information Required Supplementary Information Communications Regarding Fraud and Other Matters Changing from an Audit to a Review Documenting the Review Engagement Review Questions Glossary

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How to Conduct a Review Engagement (Course Id 1341)

Auditing - Auditing for Course Id 1341

NASBA QAS - NASBA Registry - 1341