You are a senior auditor at an accounting firm, ABC Financial Services. As part of your role, you have been assigned to lead a team of junior accountants in preparing SSARS engagements for several clients.

One of your junior team members, Sarah, was responsible for preparing a review engagement for a small manufacturing company. Upon examination of Sarah$$s work, you notice a few discrepancies and realize that crucial information seems to be missing: she mistakenly prepared a compilation engagement instead of a review engagement.

Use the knowledge you gained from this module$$s resources to write an email for your colleague Sarah highlighting the key differences between preparation, compilation, and review engagements.

Specifically, you must address the following rubric criteria:

Describe the elements of a compilation engagement that should not be included in a review engagement.

Compare the limitations of the level of service for each SSARS engagement type.

Recommend the appropriate level of service that should be provided while conducting a proper SSARS review engagement.