


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
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what is a review engagement Informational
- Considering the need for further inquiry based on the results of analytical procedures Reviewing the aging of accounts receivable and payable
- Comparing the entity's financial performance to industry peers Identifying unusual or unexpected relationships in the financial data
- Evolving trends in review engagements
- Performing independence checks before accepting and throughout the engagement
- Reviewing management's plans to address going concern issues
- Understanding the entity's data management practices Reviewing the entity's disaster recovery plan (limited in review)
- Common pitfalls in performing review engagements Best practices for conducting review engagements
- Comparing actual results to expectations Investigating significant differences between actual results and expectations
- Analyzing trends in financial statement balances and ratios over time
- Documenting the basis for the auditor's assessment of significant estimates and judgments Performing a review of going concern considerations
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