Wiley Practitioner's Guide to GAAS 2020

53AT-C 210 Review Engagements

Scope

Definitions of Terms

Objectives of Section 215

Requirements

Terms of Engagement

Written Assertion

Planning the Engagement

Materiality

Procedures

Analytical Procedures

Inquiries

Fraud, Laws, and Regulations

Responding to Fraud or Noncompliance

Evaluating the Reliability of the Entity’s Information

Using the Work of a Practitioner’s Specialist or Internal Auditor

Evaluating the Results of Procedures

Considering Subsequent Events and Subsequently Discovered Facts

Written Representations

Other Information

Description of the Criteria

Forming a Conclusion

The Report

Restricted Use Paragraph

Modified Opinions

Communicating with the Responsible and Engaging Partners

Documentation

Illustrations—Illustrative Practitioner’s Review Reports

Illustration 1. Practitioner’s Review Report on Subject Matter; Unmodified Conclusion

Illustration 2. Practitioner’s Review Report on an Assertion; Unmodified Conclusion; Use of the Report Is Restricted to Specified Parties

Illustration 3. Practitioner’s Review Report on Subject Matter; Qualified Conclusion

SCOPE

AT-C 210’s guidance applies to all review engagements and supplements the guidance in Section 105. (AT-C 210.01) On every attestation engagement, the CPA must comply with Section 105, one of the service sections numbered in the 200s, and any relevant subject matter section in the AT-C 300 section. (AT-C 210.01) See the chapter on AT-C Preface for more information about the AT-C section structure. (AT-C 210.05) ...