EVENT DESCRIPTION

Formerly Titled: “Review Engagements”

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 professional development program is essential for experienced practitioners who are already aware of the requirements of the new standard, CSRE 2400, and the differences from the requirements of the current standard.

Using extracts of a review engagement file of a fictitious entity, this program, which is aimed at an experienced practitioner, enables the participant to deepen his/her knowledge of the new requirements and to benefit from practical advice in order to properly apply the new standard.

LEARNING OBJECTIVES:

At the end of the session, the participant will be able to:

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

TOPICS INCLUDE:

  • Preliminary considerations
    • Identifying areas in the financial statements where material misstatements are likely to arise
  • Planning
    • Understanding the entity and its environment
    • Calculating materiality
    • Performing analytical procedures
  • Implementation and conclusion of the review engagement under CSRE 2400
    • Work required (responsibilities)
    • Specific issues