Document background
The Review Engagement Letter serves as a crucial document in the United States accounting practice, establishing the professional relationship between accounting firms and their clients. This document is required when a client seeks a limited assurance review of their financial statements, providing more assurance than a compilation but less than an audit. The Review Engagement Letter explicitly outlines the scope of services, responsibilities, limitations, and terms of the engagement while ensuring compliance with AICPA standards and state-specific regulations. It serves as both a legal and professional framework for the review services to be performed.
