Reviews - Application of the Standard
CPD Hours: 7 |
Ethics Hours: 0.25
Overview:
You will walk through the end‑to‑end review engagement process under CSRE 2400, focusing on planning, execution, and reporting with appropriate professional judgment and skepticism. You will apply concepts through examples and exercises that emphasize documentation, quality management, and common areas of risk.
Course Content:
In this course, you will gain knowledge about the following topics:
- Practitioner responsibilities and quality management considerations for review engagements.
- Engagement acceptance/continuance, engagement letters, and planning.
- Understanding the entity and its environment; materiality; areas prone to misstatement.
- Performing the engagement: inquiry, analytical procedures, and additional procedures as needed.
- Evaluation and completion: subsequent events, communication with management/TCWG, report dating and form.
- Documentation assembly, maintenance, and retention.
Learning Objectives:
Upon completing this course, you should be able to:
- Identify acceptance and continuance considerations and their implications for engagement planning.
- Determine areas in the financial statements where material misstatements are likely to arise and plan targeted procedures.
- Apply inquiry, analytical procedures, and additional procedures to obtain limited assurance and support conclusions.
- Document key judgments and conclusions in accordance with CSRE 2400 and firm quality management requirements.
- Describe when and how to modify the review engagement report.
Who Will Benefit:
- CPAs in public practice with limited experience who need a practical walkthrough of CSRE 2400.
- Practitioners seeking a refresher on best practices for planning, performing, and documenting review engagements.