Beyond inquiries and analytical procedures, What are the accountant's responsibilities in performing review service engagements?
1) Obtain a knowledge of and test the internal controls of the company.
2) Prepare documentation of procedures performed, evidence examined, and conclusions reached.
3) Read the financial statements.
4) Issue the review report.
5) Obtain knowledge of the accounting principles and practices of the client's industry.
6) Observe control-related activities.
7) Obtain knowledge of the client's business.
8) Obtain a letter of representation.
9) Perform tests of details of balance on the ending general ledger balances for both balance sheet and income statement accounts.
10) Perform additional procedures if the accountant becomes concerned that information is incorrect, incomplete or otherwise unsatisfactory.