EVENT DESCRIPTION

A new standard on review engagements will come into effect for reviews of financial statements and financial information for periods ending on or after December 14, 2017. This course is essential to experienced practitioners who have already taken note of the requirements of the new standard CSRE 2400 and are aware of the differences from the requirements of the current standard.

Using a review engagement file of a fictitious entity, this activity, which is aimed at an experienced practitioner, allows the participant to increase knowledge of the new requirements and to benefit from practical advice in order to properly apply them.

What You Will Learn

By the end of this course, participants will be able to:

  • Consider and apply practical advice to optimize the planning of the engagement
  • Identify areas in the financial statements where material misstatements are likely to arise
  • Develop strategies for milestones of the engagement and for specific sections
  • Identify specific issues related to the implementation of the new requirements

What Topics Are Covered

  • Preliminary considerations: Identifying areas in the financial statements where material misstatements are likely to arise Planning: Understanding the entity and its environment and materiality
  • Inquiry and analytical procedures
  • Implementation and conclusion of the engagement

Who Will Benefit

Practicing professionals who are familiar with the requirements of CSRE 2400 and the differences with current standards.