Selection Objective Mandatory selections Selection Documentation How to Treat Monthly Compilations Over-Reliance on Percentages Scope Expansion Selection Objective. Select a sample of engagements and offices, if applicable, that is representative of the firm's audit and accounting practice as a whole and that can be used as a basis for expressing an opinion on the firm's system of quality control.
Engagement selection is based on the reviewer's assessment of peer review risk.
A higher level of peer review risk should be given in the selection process to the firm's initial audits of clients because of the special auditing procedures that must be performed. Top of page Selection Documentation. You should document your sample selection in section III of the Summary Review Memorandum. The SAS section includes a line for agreed-upon procedures engagements performed under SAS No. 75. The SSAE section includes a line for financial forecasts and projections with space for other attestation engagements that may apply.