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How to Conduct a Review Engagement
Format
Self-Study
Course Level
Overview
CPE Credits
2 Credits: Auditing
Course 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.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Recognize the situations in which the accountant cannot accept a review engagement.
- List the contents of an engagement letter.
- 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.
Course Specifics
9189038
August 8, 2023
There are no prerequisites.
None
49
Compliance Information
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 250 business books and courses. 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 …
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