Wiley Practitioner's Guide to GAAS 2020

63AR-C 90 Review of Financial Statements

Scope

Technical Alert

Objectives

Definitions of Terms

Requirements

Materiality

Independence

Acceptance and Continuance of Client Relationships

Establishing an Understanding with the Client

Communication with Management and Those Charged with Governance

Review Performance Requirements

Written Representations

Reporting on the Financial Statements

Documentation in a Review Engagement

Illustrations: Review Engagement

Illustration 1. Inquiries for a Review

Illustration 2. Suggested Analytical Procedures (AR-C 90.A156)

Illustration 3. An Engagement Letter for a Review Engagement with Respect to Financial Statements Prepared in Accordance with Accounting Principles Generally Accepted in the United States of America

Illustration 4. An Engagement Letter for a Review Engagement with Respect to Financial Statements Prepared in Accordance with the Tax Basis of Accounting

Illustration 5. Representation Letter (AU-C 90.A61)

Illustration 6. An Accountant’s Review Report on Comparative Financial Statements Prepared in Accordance with Accounting Principles Generally Accepted in the United States of America When a Review Has Been Performed for Both Periods

Illustration 7. An Accountant’s Review Report on Single-Year Financial Statements Prepared in Accordance with Accounting Principles Generally Accepted in the United States of America

Illustration 8. An Accountant’s Review Report on Single-Year Financial Statements Prepared in Accordance with the Tax ...