Review Engagements

Free CPA AUD (Auditing & Attestation) lesson in Forming Conclusions and Reporting. 16 min read, ~2,369 words.

SSARS 21 (AR-C 90) governs review engagements on historical financial statements of nonissuers. A review provides limited (negative) assurance: "we are not aware of any material modifications that should be made," substantially less in scope than an audit. Procedures are limited to inquiry of management and analytical procedures: no test...