review engagement

sara-i · 07-08-2006, 02:05 PM

can any one explain me what is meaning of REVIEW ENGAGEMENT in auditing

Kam · 07-08-2006, 05:33 PM

These engagements have a limited scop of work e.g,to obtain moderate assurance as to whether financial statements are free from material misstatements. Review engagements includes interm review,half yearly review and final review. These engagements provide less assurance than audit. we perform only inquiries and some analytical procedures in review engagements.

Deliverables A review report is delivered to the client in review engagement forming such a conclusion that e.g,

Based on our review, nothing has come to our attention that cause us to believe that the financial statements are not presented fairly, in all material aspects, in accordiance with approved accounting standards as applicable in pakistan.

sara-i · 07-08-2006, 09:28 PM

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by Kam
 These engagements have a limited scop of work e.g,to obtain moderate assurance as to whether financial statements are free from material misstatements. Review engagements includes interm review,half yearly review and final review. These engagements provide less assurance than audit. we perform only inquiries and some analytical procedures in review engagements.

Deliverables A review report is delivered to the client in review engagement forming such a conclusion that e.g,

Based on our review, nothing has come to our attention that cause us to believe that the financial statements are not presented fairly, in all material aspects, in accordiance with approved accounting standards as applicable in pakistan.
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thank you

Kam · 07-15-2006, 06:05 PM

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by sara-i
 <blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by Kam
 These engagements have a limited scop of work e.g,to obtain moderate assurance as to whether financial statements are free from material misstatements. Review engagements includes interm review,half yearly review and final review. These engagements provide less assurance than audit. we perform only inquiries and some analytical procedures in review engagements.

Deliverables A review report is delivered to the client in review engagement forming such a conclusion that e.g,

Based on our review, nothing has come to our attention that cause us to believe that the financial statements are not presented fairly, in all material aspects, in accordiance with approved accounting standards as applicable in pakistan.
<hr height="1" noshade id="quote"></blockquote id="quote">

thank you
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u well come