$.$SSARS contain several procedures that are required when engaged to perform a compilation or review engagement. Below are $10$ statements that may or may not be relevant to a compilation or review engagement. For each of the $10$ statements, indicate whether the procedure is to be performed in a compilation or review engagement.

Required for a

Description of Procedure

Compilation Engagement?

Review Engagement?

$1.$Obtain a written engagement letter.

$2.$Understand the client$$s industry and the nature of the client$$s business.

$3.$Read the financial statements.

$4.$ Design and perform analytical procedures.

$5.$ Make inquiries of client management

$6.$ Perform tests of controls.

$7.$ Assess fraud risk.

$8.$ Obtain a letter of representation from management.

$9.$ Prepare documentation in sufficient detail to provide a clear understanding of the work performed.

$10.$ Issue a report that contains limited assurance about whether the accountant is aware of the need for material modification to the financial statements.