Introduction to Review Engagements

Overview

You could pay $0 for this course!
Review engagements, while more limited in scope than an audit, play an important role in providing users with limited assurance on financial statements. Conducting Review Engagements under SSARS introduces participants to the fundamental responsibilities, procedures, and documentation required under AR-C Section 90. This course explains the core concepts of planning a review, performing inquiries and analytical procedures, and preparing a proper review report. Through clear explanations and practical guidance, participants gain the foundational knowledge needed to understand how review engagements are performed and how they differ from audits and compilations.

Firms/companies with fewer than 50 staff can be reimbursed up to 100% of the cost of training and firms/companies with 50-100 employees can be reimbursed up to 50% of the cost of training. You must register for the course and apply for reimbursement through the Workforce Training Express Fund website a minimum of three weeks prior to the start of the course to be eligible. The course code for this program is C-15391. To learn more, click here or contact Julia Ekelund at jekelund@masscpas.org.

Highlights

Purpose and scope of review engagements under SSARS AR-C Section 90 Basic performance requirements, including inquiries and analytical procedures Establishing an understanding with the client Fundamental documentation requirements Management’s responsibilities vs. the accountant’s responsibilities Overview of the management representation letter Introduction to going-concern considerations Key elements of the review report

Designed For

CPAs, public accountants, and accounting staff who are new to review engagements or need a foundational understanding of SSARS review requirements

Objectives

Describe the basic purpose and requirements of a review engagement under SSARS. Identify the fundamental procedures involved in performing a review, including inquiry and analytical procedures. Explain the roles and responsibilities of management and the accountant in a review engagement. Recognize the essential documentation and reporting requirements for a standard review engagement.