Review engagements – Specific topics

General objective

As practitioners complete review engagements under the new standards their focus will shift from learning about the new standards to addressing the common application issues. This course will identify and discuss in detail the application issues for review engagements under the new standards.

This course is not intended to be a comprehensive overview of the Canadian Standard on Review Engagements (CSRE) 2400. As such, the material does not cover all of the requirements or aspects of conducting a review engagement. Rather, the session will build upon content provided in previous professional development courses on CSRE 2400 by addressing the common documentation issues.  Additionally, the material includes various exercises and examples of review engagement documentation in the most crucial areas of typical review engagement files.


By the end of the session, participants will have the tools to quickly identify incomplete review engagement documentation, and understand what needs to be done and documented to resolve the outstanding issues.


  • Overview of the common CSRE 2400 application and documentation deficiencies noted by the provincial practice inspection programs.
  • Tips for addressing common deficiencies that are quick and easy to resolve such as:
    • Documenting client/engagement acceptance/continuance
    • Assessment of independence
    • Assessment of whether an EQCR is required
    • Using the correct review engagement report
    • Determining the appropriate date to use on the review engagement report
  • Improving the documentation of the understanding the entity and its environment using alternative approaches to documenting the client’s accounting systems
  • Documentation of the identification of areas in the financial statements where material misstatements are likely to arise:
    • Determining appropriate financial statement areas (FSAs)
    • Linking the assessment of areas in the financial statements where material misstatements are likely to arise to the planned review procedures
  • Designing and documenting appropriate analytical procedures
    • Revenue
    • Inventory and cost of sales
    • Payroll
    • Documenting the adequacy of underlying data for analytical procedures
  • Performance of additional procedures
    • Cut-off procedures
    • Confirmations
    • Substantive test of details
  • Documentation
    • Overview of the documentation requirements
  • How to strike the right balance to meet the documentation standards

Target audience

Public practitioners as well as managers and senior staff members employed in public practice who are conducting review engagements under CSRE 2400.

Description complète

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