WHAT IS A REVIEW?

Your accountant makes inquiries and performs analytical procedures that are not the same as audit procedures, to support a conclusion on whether the financial statements are prepared in accordance with the applicable financial reporting framework. Your auditor performs procedures to obtain limited assurance on whether they have become aware of any matter that cause the financial statements to be materially misstated.

WHAT ARE THE BENEFITS OF A REVIEW?

• It may prepare a growing business for transition to an audit.
• It may assist in obtaining finance or may be useful when preparing to sell a business or seeking new investors.
• It is flexible and targeted- your auditor can focus time and attention on the things that matter according to the complexity of the financial statements and nature of the business.
• Your auditor is required to report all matters that in their professional judgment are of sufficient important to merit management’s attention.