Review Hot Topics
Overview
There are areas that practitioners may struggle with in performing review engagements. This is because the standards are not well understood or there are challenges in applying them, especially in the context of a less complex entity. This course will address hot topics in performing a review engagement in accordance with CSRE 2400. This is not a technical course but rather a practical session that focuses on matters of importance including understanding the entity, designing and performing inquiry and analytical procedures, specified procedure requirements, documentation and reporting and communicating.
Through an exploration of the standard, illustrative examples and guidance on practical application you will strengthen your ability to conduct effective and efficient engagements.
Learning Objectives
By the end of the session participants will be able to:
- Implement effective strategies in performing review engagements
- Develop an efficient approach to understanding records and systems
- Identify areas where misstatement is likely to arise
- Appreciate the requirements of inquiry and how to ask better questions
- Explain and implement the concepts of analytical procedures
- Appreciate required specified procedures
- Strengthen documentation
- Identify reporting requirements including emphasis and other matter paragraphs
Course Content
Module 01
Overview of the practitioner’s objectives and refresher of basic review concepts
Module 02
Understanding the entity: accounting records and systems
Module 03
Identifying areas where material misstatement is likely to arise
Module 04
Inquiry and analytical procedures
Module 05
Specified and additional procedures
Module 06
Strengthening documentation
Module 07
Reporting and communicating and other related topics
Module 08
Review of key points and action planning
Module 09
Course material: Course slides