Training
Review engagement – Reviewing the file and the financial statements
Length: 3 h 30
Updated training for 2025-2026
Summary
Once the work has been completed and the file finalized, the review stage becomes essential before delivering to the client. Where to begin? Which sections should be prioritized? How can you ensure that the published financial statements are free from common errors and properly supported by documentation?
This training provides a structured methodology for reviewing the review engagement file and the financial statements, with an emphasis on professional obligations, best practices in documentation, and effective communication of review notes.
Training Objectives :
- Understand the role and importance of the review in a review engagement.
- Identify the key sections to prioritize during the review process.
- Master the normative and documentation requirements under CSRE 2400.
- Develop an effective methodology for reviewing financial statements.
- Improve communication and knowledge transfer through review notes.
Agenda
General
- Objectives and scope of file review under CSRE 2400
- Quality obligations under CSQM 1 and 2
- Who should review the files?
- Making a distinction between the file review and the engagement quality control review
- Planning the file and financial statement review
- Effectively reviewing the review file and the financial statements
- Communicating the review notes to the members of the team
- Training your staff
Review file
- Establishing documentation requirements and objectives
- Documentation features and requirements
- Pitfalls and tips
- Writing and communicating review notes
- Reviewing the review notes
- Diagnosing improvements to be made next year
Financial statements
- How and when should financial statements be reviewed?
- Pitfalls and precautions
- Under Accounting Standards for Private Enterprises (ASPE)
- Under Accounting Standards for Not-for-Profit Organizations (ASNPO)
- Identifying the most common mistakes
- Communicating with and training your staff
Last but not least
- Work with a Paradigme file template to better apply these concepts
- Have a critical mindset
- Comments from the professional inspection
- Understanding and mastering Paradigme Questionnaires
- Discussion with participants
Results for Your Firm
- Files and financial statements reviewed more effectively and rigorously
- Improved compliance with professional standards and expectations
- Teams better equipped to reduce common errors and strengthen quality
- Enhanced credibility and tangible added value for your clients
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