There are a variety of non-audit services that CPAs perform for companies. Understanding what these services entail helps to ensure you comply with any type of client engagement.

Melissa O'Neil, CPA, has been engaged by a nonpublic company, Caldwell, Inc., to review the most recently completed fiscal year's financial statements.

• What sources should O'Neil consult to prepare for this review?
• What are the required procedures that O'Neil must perform?
• What information should the review report contain?
• What should O'Neil do if she finds there was a material departure from GAAP?

Please do NOT answer in bullet points