Video: Preparation, Compilation, & Review Engagements & Reports Overview

This lesson provides an overview of the three engagement types: preparation, compilation, and review engagements. Nick Palazzolo, CPA, discusses the key aspects practitioners need to know about each engagement type, including the requirements, independence, end product, management's responsibilities, and the responsibilities of the individual preparing, compiling, or reviewing the financial information. The lesson delves into these topics as it progresses and introduces the learning objectives to ensure a comprehensive understanding of these important engagement types.