Question: Explanation in paragraph form? Overview: Different methodologies exist for various types of engagements. 1. Examination Engagements (SSAE Steps) Gain an understanding of the entity and

Explanation in paragraph form? Overview: Different methodologies exist for various types of engagements. 1. Examination Engagements (SSAE Steps) Gain an understanding of the entity and its environment. Assess risks of material misstatement. Design and perform tests of controls. Obtain sufficient evidence to support the conclusion. 1. Review Engagements (SSAE Steps) Inquiry of management. Analytical procedures. Limited assurance conclusion based on review work performed. 2. Agreed-Upon Procedures (SSAE Steps) Engagement letter outlining the procedures to be performed. Performance of procedures as agreed upon. Reporting findings without offering an opinion

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