Page 15 - AA Integrated Workbook STUDENT 2018-19
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Introduction to assurance
Review engagements
A review engagement is an example of a limited assurance engagement.
A company which is not legally required to have an audit may choose to have a
review of their financial statements instead.
The procedures will mainly focus on analytical procedures and enquiries of
management.
A lower level of assurance is given than an audit but it is less costly and less
disruptive.
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