


Considering the impact of economic conditions on the entity Considering the impact of industry-specific factors on the entity
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what is a review engagement Informational
- Obtaining and reviewing legal correspondence
- Considering the implications of control weaknesses identified (if any) Obtaining sufficient appropriate evidence to support the negative assurance conclusion
- Reviewing related party transactions Reviewing contingent liabilities and commitments
- Reviewing earnings per share calculations (if applicable)
- Consulting with ethics specialists if necessary
- Assessing the consistency of fair value accounting policies
- Performing analytical procedures designed to identify potential fraud Considering the risk of management override of controls
- Obtaining legal confirmation if necessary Reviewing minutes of regulatory body meetings (if applicable)
- Considering information available from regulatory filings
- Understanding related party relationships and transactions more deeply
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