Description
Included in Preparation, Compilation and Review Staff Essentials, this CPE course provides fundamental training on the general principles and objectives of a review engagement.
Objectives
- Identify the general principles and objective of review engagements.
- Recall the independence requirements associated with review engagements.
- Recognize the standards from the AICPA's Code of Professional Conduct (the code) that apply to reviews of financial statements of nonissuers.
Highlights
- The objective of a review engagement
- How a review engagement compares to other financial statement services
- The elements of a review engagement
- Materiality
- Independence
- Hierarchy of review standards and guidance