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 Engagement
Review
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The objectives of an engagement
review are to provide the reviewer with
a reasonable basis for expressing limited
assurance that:
- The financial
statements or information and the
related accountant's report on the
accounting and review engagements
and attestation engagements submitted
for review, conform in all material
respects with the requirements of
professional standards; and
- The reviewed
firm's documentation conforms with
the requirements of SSARS and the
SSAEs applicable to those engagements
in all material respects.
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Cost of an Engagement Review
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The cost of an engagement review is based on how many
engagements must be chosen for review.
The number selected is based on the number of engagements performed during
the year under review, the level of service provided and the
number of partners responsible for issuing reports. The following is a range of
costs for engagement reviews according to how many engagements are
selected:
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Number of Engagements
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Fee
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One
financial statement
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$350
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Two
financial statements
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$500
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Three
financial statements
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$650
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Four
financial statements
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$800
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