

Addressing scope limitations that may arise The impact of significant events or transactions on the financial statements
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what is a review engagement Informational
- Understanding the specific standards applicable to reviews of prospective financial information
- Referring to specialized cybersecurity professionals if necessary Performing a review of regulatory compliance matters (if part of the engagement scope)
- Reviewing disclosures related to significant estimates and judgments
- International Standards on Review Engagements (ISREs) What are the benefits of a having a review engagement performed?
- Understanding the intended users of financial statements prepared under a special purpose framework Performing a review of condensed financial statements or summary financial information
- Evaluating the assumptions underlying the prospective financial information
- The content and scope of the management representation letter
- Considering the potential for fraud or abuse in related party transactions
- Confidentiality in review engagements
- Understanding the limitations of a review of regulatory compliance Reviewing litigation and claims (beyond standard inquiry)
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