Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
Using extracts of a review engagement file for a fictitious entity, as well as examples and exercises, this course allows the participants to deepen their knowledge of the requirements of CSRE 2400 and to benefit from practical advice to apply them properly.
This seminar takes the participants through the various stages of a review engagement. It highlights specific areas where professional judgment and skepticism are necessary. It demonstrates the use of professional judgment through various examples and exercises. It includes the use of selected Professional Engagement Guide (PEG) forms to demonstrate the documentation requirements of CSRE 2400.
Topics Include:
- Preliminary Considerations
- Acceptance or continuance of the engagement
- Planning
- Understanding the entity and its environment
- Materiality
- Identifying areas in the financial statements where material misstatements are likely to arise
- Implementation of the Engagement
- Work required (responsibilities) related to inquiry
- Analytical procedures
- Specific topics
- Evaluation and Conclusion
- Responsibility of the partner
- Determining the engagement report
- Communication with management and/or those charged with governance
- Assembly, maintenance and retention of engagement documentation
NOTE: This course description has been revised and reflects updates for 2024. If you have any questions, please contact pdevents@cpaontario.ca.
Schedule
- December 2, 2024, 8:30 a.m. - 12:30 p.m.
- December 3, 2024, 8:30 a.m. - 12:30 p.m.
Key Takeaways
By the end of this course, participants should be able to:
- Describe the areas of professional judgment when accepting or continuing a review engagement.
- Consider the components of planning an engagement and their effect on the execution phase.
- Identify areas in the financial statements where material misstatements are likely to arise.
- Develop strategies for key steps of the engagement for specific file sections.
- Identify specific issues related to the implementation of the requirements.
- Describe the requirements for completion of the file.
- Describe the requirements of CSQM 1 for review engagements.
- Describe the documentation considerations of the above areas.
Who Will Benefit
CPAs in public practice. Specifically, those who have limited experience and would like to learn how to conduct a review engagement or those with experience who would like a refresher on best practices.
How to Access the Course
This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time. To get the full experience of this interactive course, use a computer that has video and microphone capabilities.
Electronic material can be accessed one week prior to the course and should be downloaded in advance.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Stacy Grimshire is an Audit & Assurance Manager at Welch LLP, working with organizations in a variety of sectors including environmental consulting, property management and not-for-profit organizations. She has worked at Welch LLP for 8 years, working with small and medium sized clients on audits, reviews, and various tax engagements.