Reliability project for review engagements focuses on information quality.

• Position: Accounting & auditing news

Many financial statement users want the CPA firm most closely associated with a company to perform the company's review engagement because that CPA firm has an increased level of knowledge about the company's operations. The Accounting and Review Services Committee is working on a standard-setting project that would enable CPAs to perform limited assurance engagements (reviews) for clients when the external CPA performs certain control services. The accountant would still be precluded from providing any assurance service when he or she has a financial or...