



How does a review engagement differ from an audit?
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what is a review engagement Informational
- The persuasiveness of the evidence obtained in a review engagement
- Reviewing compliance with relevant laws and regulations
- Understanding the differences between a review of internal controls and an audit of internal controls
- Understanding the limitations of a review of regulatory compliance Reviewing litigation and claims (beyond standard inquiry)
- Communicating with management about the challenges and uncertainties arising from these events
- Assessing the impact of service organization controls on the user entity's financial statements
- Ensuring that the financial statements are fairly presented in accordance with the applicable financial reporting framework
- Review of interim financial information Specific considerations for review engagements of small and medium-sized entities (SMEs)
- Quality control in review engagements
- Considering the limitations of a review of internal controls Reviewing non-financial information (if part of the engagement scope)
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