QAS Self-Study
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
|
Course ID 9189038 |
Revision Date April 8, 2021 |
Number of Pages 49 |
Prerequisites There are no prerequisites. |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
Course Instructor
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 …
How to Conduct a Review Engagement
$58.00 – $78.00
QAS Self-Study
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
|
Course ID 9189038 |
Revision Date April 8, 2021 |
Number of Pages 49 |
Prerequisites There are no prerequisites. |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
Course Instructor
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 …
How to Conduct a Review Engagement
$58.00 – $78.00