Anatomy of a seven-hour review for micro-entities

Learn about a unique, seven-hour approach for micro-entity review engagements.

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The standard for performing review engagements in Canada, CSRE 2400, is effective for reviews of financial statements for periods ending on or after December 14, 2017. In Anatomy of a 7-Hour Review of Micro-Entities, Phil Cowperthwaite shares strategies for designing and performing an efficient and effective review engagement:

  • automate wherever possible
  • select clients that suit your practice; have the expertise and time to service your clients well
  • complete the work at the client’s premises
  • use the most experienced staff possible
  • develop a practice specialty
  • bill appropriately for the value you add
  • tailor your work to the requirements of CSRE 2400