



Addressing comparative information in a review engagement report
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what is a review engagement Informational
- Evaluating the assumptions underlying the prospective financial information
- Subsequent discovery of facts after the date of the review engagement report Association of the practitioner with financial statements
- Documenting management's responses to identified misstatements Obtaining a summary of uncorrected misstatements from management
- Performing procedures to assess compliance with specific regulatory requirements Reporting on the findings of the review of regulatory compliance
- Reviewing the work performed by less experienced team members
- Considering the implications for going concern assessments and accounting estimates Reviewing disclosures related to the impact of significant events
- Reviewing income tax accounting
- Documenting all significant aspects of the engagement to support the conclusions reached Following the firm's policies and procedures for risk management
- Ensuring the audit file is complete and supports the report issued
- Using software tools to assist in performing analytical procedures Staying updated on changes in professional standards and regulations
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