Meaningful Assurance, Streamlined Process
A review engagement provides limited assurance on financial statements through inquiry and analytical procedures. While less extensive than an audit, a review still offers valuable credibility for stakeholders who need confidence in your financial reporting without requiring a full audit.
Review engagements are conducted in accordance with Statements on Standards for Accounting and Review Services (SSARS), resulting in a report expressing limited assurance that we are not aware of any material modifications that should be made to the financial statements.
When a Review Makes Sense
Reviews are ideal for organizations that need more credibility than a compilation but don't require the highest level of assurance an audit provides.
- Growing businesses seeking bank financing with flexible requirements
- Companies preparing for future audit requirements
- Organizations with stakeholders requesting limited assurance
- Businesses meeting contractual or regulatory thresholds
- Entities transitioning from compilations to higher assurance levels
Our Review Process
We perform analytical procedures and make inquiries of management to obtain limited assurance about whether material modifications should be made to the financial statements.
- Understanding of your business, industry, and accounting practices
- Analytical procedures applied to financial data
- Inquiries of personnel responsible for financial and accounting matters
- Review of significant accounting policies and estimates
- Issuance of a review report suitable for external use