1. must be independent
2. primarily inquiry and analytical procedures
3. engagement letter reccomended but not required
4. provides limited (negative) assurance

1. provides no assurance
2. no indpendence required (disclose if not)
3. engagament letter not required

1. performed in accordance with SSARS issued AICPA
2. limited in presenting info that is representation of management
3. not audited
4. not reviewed
5. disclaimer of opinion on f/s (no assurance)

1. issue compilation w/ extra paragraph describing previous responsibility, date of previos report, statement that no review procedures subsequently performed OR
2. 2 separate reports, OR
3. combined report

1. limited assurance
2. disclose GAAP departures
3. obtain management rep letter related to IC and fraud
4. must be done when comfort letter is issued

1. no reference to FS
2. no reference to GAAP
3. lower level of assurance

1. T-training
2. I-independent
3. P- due professional Care
4. P- professional knowledge of subject matter
5. Y-your belief you can evaluate

(TIPPY)

1. P- planning and supervision
2. E- evidence

(PE)

1. A- assertion identified
2. Reservations disclosed
3. Conclusion expressed
4. Statement restricting use 

Independence of practitioner

Agreement of the parties

Measureability and consistency

Sufficiency of procedures

Use restricted to specified parties

Responsibility for subject matter rests with client

Engagements gives no assurance