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: No updates or changes were made to the 2025 version of this course. If you completed the course in 2024, please be advised the 2025 course material has not changed. If you have any questions, please contact pdevents@cpaontario.ca.
Schedule
- November 18, 2025, 1:00 p.m. - 5:00 p.m.
- November 19, 2025, 1:00 p.m. - 5:00 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.
Disclaimer
The views expressed in the course are non-authoritative and have not been formally endorsed by CPA Ontario and do not reflect the views of CPA Ontario. The information included in the course if for general information purposes only.
CPA Ontario, the presenters and the authors do not accept any responsibility or liability that might occur directly or indirectly as a consequence of the use or application of or reliance on this material.
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)
Richa Khanna, CPA, CA is a partner at RDK Partners LLP, a boutique firm that provides consulting services to small and medium sized practitioners. She assists practitioners in ensuring compliance with their quality control objectives by providing engagement quality reviews, monitoring services and efficiency reviews. She also provides consulting services related to accounting and assurance areas, risk management and ethical considerations and quality control matters. She also develops and delivers training for public accounting firms on topics related to assurance and Canadian ASPE. She currently volunteers as Deputy-chair, Disciplinary Committee at CPA Ontario, as member of Private Enterprise Advisory Committee, and member or Small and Medium-Sized Practitioners Committee at CPA Canada (Audit and Assurance Taskforce).