



Objectivity in review engagements Professional competence and due care in review engagements
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what is a review engagement Informational
- Considering the adequacy of disclosures related to going concern
- Evaluating the assumptions underlying the prospective financial information
- Coordinating with local professionals when performing international review engagements Reviewing financial statements prepared in accordance with a special purpose framework
- Who uses the results of a review engagement?
- Assessing the reasonableness of accounting estimates
- Modifying the review engagement report when pervasive misstatements exist Communicating identified misstatements to management and those charged with governance
- The use of electronic workpapers in a review engagement
- Understanding the legal and regulatory environment relevant to the entity
- Documenting the engagement quality control review Addressing any issues raised by the engagement quality control reviewer
- Identifying and assessing the risk of material misstatement at the assertion level (limited in review) Understanding the entity's objectives and strategies
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