Independent Reviews – Getting it Right in Practice

Independent reviews play a critical role in providing limited assurance on financial statements, yet they remain one of the most misunderstood and inconsistently applied engagements in practice. Regulators and professional bodies continue to identify deficiencies in how independent reviews are planned, performed, and documented — increasing both compliance and reputational risk for practitioners. This webinar focuses on the practical execution of independent reviews, highlighting common pitfalls such as inadequate risk assessment, over-reliance on enquiry without sufficient analytical procedures, unclear documentation of professional judgment, and confusion between review and audit-level work. The session will clarify the non-negotiable outcomes of an independent review, including appropriate assurance conclusions, defensible documentation, and clear communication with management. Attendees will gain guidance on what regulators and reviewers expect to see, how to avoid scope creep and under-performance, and how to deliver independent reviews that are compliant, efficient, and professionally robust. This webinar is designed for accountants, practitioners and reviewers who want to strengthen quality, consistency, and confidence in their independent review engagements.

In completing this learning engagement, you will have developed the following professional competencies indicated in the green section below: