



Documenting the rationale for conclusions reached Maintaining a clear and concise audit file for the review engagement
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what is a review engagement Informational
- Supervision and review of remote review work Reviewing financial statements prepared using fair value accounting
- Evaluating the relevance and reliability of SOC reports for the user entity's review engagement Considering the complementary user entity controls described in a SOC 1 report
- Understanding the reporting frameworks and criteria for ESG information
- Understanding the reasons for any change in auditor or accountant Performing a wrap-up review of the engagement documentation
- Professional standards governing review engagements
- Considering the implications for going concern assessments and accounting estimates Reviewing disclosures related to the impact of significant events
- Reviewing journal entries and other adjustments
- Understanding the entity and its environment in a review engagement
- Assessing the impact of service organization controls on the user entity's financial statements
- Evaluating the assumptions underlying the prospective financial information
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