Engagement basics explained
You can learn the elements, performance requirements, and documentation expectations for engagements, such as:
- Preparation engagements
- Compilation engagements
- Review engagements
Although these procedures are not audits, they involve similar concepts at a lesser level of assurance.
Who Will Benefit
- Recently onboarded staff
- First-year staff
- Firms that want consistent training and level setting
Topics
- Definitions and elements
- Performance requirements
- Considerations for changes in a level of service
- Required documentation
Learning Outcomes
- Identify the detailed definitions and required elements of engagements to prepare financial
statements or perform a compilation or review of financial statements.
- Recall the performance standards for an engagement to prepare financial statements or perform a
compilation or review of financial statements.
- Recognize the minimum documentation requirements for an engagement to prepare financial
statements or perform a compilation or review of financial statements.