Engagement

Question 1

If asked to review of interim F/S (where annual F/S are audited) a review procedure would add

Answer 1

Obtaining an understanding of I/C and Communication with predecessor (if initial review of Interim)

Question 2

Review includes

Answer 2

Inquiries and analytical procedures

Question 3

Investees subsidiaries, obtain reports from other accountant

Answer 3

Audit and Review