Developed in conjunction with CPA Canada, this guide aims to help professional accountants in practice, especially those operating in small- and medium-sized practices (SMPs), in conducting review engagements in compliance with International Standard on Review Engagements (ISRE) 2400 (Revised), Engagements to Review Historical Financial Statements. 

This guidance was written for all organizations, regardless of their size or structure, private or public, to support the accountancy profession’s facilitation of sustainable organizations, financial markets, and economies by providing guiding principles to manage the complexities of performing a robust project and investment appraisal. Greater rigor in the appraisal and decision process can be achieved by using the principles as a benchmark against which to assess an organization’s current practice.

A strong and well-governed professional accountancy organization (PAO) produces and sustains a strong accountancy profession that is able to serve the public interest and contribute to economic stability and growth. A successful PAO gains much of its strength from the sense of identity, benefits, and rights that members derive from membership; and from the contributions that individual members and firms make to the PAO in recognition of its public interest perspective.

This third edition of the guide features enhancements to the two sample manuals, as well as other refinements for clarity and consistency with International Standard on Quality Control (ISQC) 1. The guide contains the requirements set out in ISQC 1 in addition to implementation guidance, including discussion material and an integrated case study that can be used as the basis for education and training.

Nawel holds a Bachelor's degree in Commercial Sciences and Accounting, from the University of Algiers, she is also an “expert comptable Finaliste”

With over 20 years of experience in the fields of accounting, finance, and taxation. She has held several leadership positions in the economic sector as well as in diplomatic missions in Algeria. Approved by the Ministry of Finance, she is currently the Director and Founder of her own firm, Cabinet Rabahi, specializing in audit and accounting services.

In parallel, Nawel is actively engaged in the development of professional organizations in accounting. On a continental scale, she serves as a technical advisor at PAFA’s board and is also a member of the PAFA PAODAG. Regionally and internationally, she collaborates with IFAC PAODAG as a PAFA observer. Passionate about knowledge transfer, she also conducts training sessions, sharing her expertise at Higher Institute of Management and Planning In Algiers "

Passionate about training and capacity development, she aspires to contribute to the evolution of the accounting sector in Africa and worldwide, while training and supporting the next generation of professionals.

EY Director in Riyadh, Saudi Arabia. Layla Al Khalefah is a Certified Public Accountant in Saudi Arabia and the State of New York, and a member of SOCPA and AICPA. She holds both a bachelor’s and a master’s degree in accounting. With over 12 years of experience in auditing and accounting across diverse industries in Saudi Arabia and the United States, she has developed strong knowledge in IFRS accounting standards and international auditing standards.

Kholoud Mousa was the first female Saudi Partner in Saudi Arabia and was also the first Saudi woman licensed to practice as a certified public accountant in the Kingdom. She has 20 years of audit and advisory experience across various industries, and is a certified family business governance advisor. She was a member of the governance committee of the Institute of Internal Auditors (IIA), during which she led projects relating to governance frameworks for major Saudi family businesses and for non-for-profit institutions. In 2019, she was named as one of the leading 20 Saudi Women in Finance, Economy, and Commerce. In addition to her business responsibilities, she serves as the Head of Impact for KPMG Middle East. Kholoud has over 16 years of Audit and Finance experience across various industries and possesses a thorough knowledge of Saudi accounting and financial reporting standards(SOCPA) as well as International Financial Reporting Standards(IFRS).

Throughout her professional career at  KPMG and other financial services firms, Kholoud gained a wide range of industrial and professional experience in accounting , audit and Zakat &Tax advisory. Her experience covered different sectors; Manufacturing, Construction, Medical &Healthcare, Trading, and Investments. She has been also involved in providing financial advisory services, development of accounting system and Policy & Procedures manual, etc. During her membership of the Governance committee of the Institute of Internal Auditors (IIA) she led projects relating to Governance frameworks for Major Saudi family businesses and for non for profit institutions. This involved alignment of Family constitutions and shareholder values with Management and incorporating diverse expectations of individual shareholders with transparency and efficiency and allowing for good governance without hindering decision-making at operating levels. As a  passionate advocate for diversity and inclusiveness she has been engaged in leading country-wide nationalization strategy, women empowerment and gender diversity within her previous employers. As well as promoting audit and financial advisory as a profession to Saudi graduates, especially females.    

Graziella Hobeika is a finance and taxation professional with extensive experience in audit, taxation, and financial strategy, complemented by a solid background in the banking sector. She is the Managing Partner at HBK Audit Advisory, where she advises leading companies in Lebanon on financial governance and sustainable growth. An elected Board Member of the Lebanese Association of Certified Public Accountants (LACPA), Graziella contributes actively to shaping the Association’s strategic plan and international cooperation initiatives. She has been recently elected to serve on the board of FIDEF, the international federation for French speaking CPAs.

Graziella holds a PhD in Management Information Systems from Paris-Nanterre University, with a research focus on the impact of AI and emerging technologies on the public sector. She is a founding member of the Lebanese Association for Information Sciences (LAIS) and a lecturer at Notre Dame University, where she teaches management and entrepreneurship.