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Accounting & Tax Training for CPA students/Practice and Prepare Real Client Review Engagement
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Practice and Prepare Real Client Review Engagement


In this course, you will learn how to prepare a review engagement file from client acceptance, independence, materiality to the performance of the review procedures.
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Contents

Welcome to the Real client Review Engagement - Practice Case 1

For any Questions - Please email Affan Khalid, your instructor at affankhalid@yahoo.com

Setup a New Caseware File and Import the Trial Balance and Assign Leadsheets

CaseWare File setup
Suggested solution - Trial Balance in CaseWare and Grouping/Leadsheet

1.A Meeting with the Partner - ALIBABA INDUSTRIES INC.

1.A Meeting with the Partner - ALIBABA INDUSTRIES INC.

1.B Engagement Planning - Existing Engagement Continuance Checklist

Prepare R410 - Existing Engagement Continuance Checklist

2.A Initial assessment and Materiality

2.A Initial assessment and Materiality

2.B Materiality

Prepare R420 - Materiality Checklist

3.A Understanding the nature of the entity

Understanding the nature of the entity

3.B Prepare a Checklist for Understanding the nature of the entity

Prepare a Checklist - R510 Understanding the nature of the entity

3.C Prepare a Checklist for a Review Engagement Plan

3.C Prepare a Checklist for a Review Engagement Plan
Prepare a Checklist - R520 Review engagement plan

4.A Specific Inquiries and Analysis

Complete - Going concern worksheet
Complete - Related Party worksheet
Complete - Contingencies and commitments worksheet
Complete - Use of journal entries worksheet

Review Procedures on Cash and Back Section

Cash and Bank Section of Financial Statement - Review Procedures and File documentation
Review Procedures on Cash and Back Section

Review Procedures on Account Receivable Section

Account Receivable Section of Financial Statement - Review Procedures and File documentation
Review Procedures on Account Receivable Section

Review Procedures on Inventory Section

Inventory Section of Financial Statement - Review Procedures and File documentation
Review Procedures on Inventory Section

Review Procedures on Prepaid Section

Prepaid Section of Financial Statement

Review Procedures on Fixed or Capital Assets Section

Fixed or Capital Assets Section of Financial Statements

Review Procedures on Accounts Payable and Accrued Liabilities Section

Accounts Payable and Accrued Liabilities Section of Financial Statements
Review Procedures on Accounts Payable and Accrued Liabilities Section

Review Procedures on GST, HST and QST payable Section

GST, HST and QST payable

Review Procedures on Income Tax Payable Section

Income Taxes

Review Procedures on Long term Loan Section

Long term Loan
Review Procedures on Long term Loan Section

Review Procedures on Shareholder Loan Section

Shareholder Loan

Review Procedures on Equity section

Shareholders' equity

Review Procedures on Income Statement - Revenue, COGs, expenses Section

Income Statement.pdf
Review Procedures on Revenue, COGs, Expenses Section