Financial Statement Reviews

When an audit of the financial statements is not statutorily or otherwise required, a review of the financial statements is often considered.

The review service is one in which we perform analytical procedures, inquiries, and other procedures to obtain "limited assurance" on the financial statements and is intended to provide a user with a level of comfort on their accuracy. The review is the base level of CPA assurance services in the U.S.

A review is substantially narrower in scope than an audit. A review does not contemplate obtaining an understanding of your business's internal control; assessing fraud risk; testing accounting records through inspection, observation, outside confirmation; or the examination of source documents or other procedures ordinarily performed in an audit.

In a review engagement, we will issue a formal report that includes a conclusion as to whether, based on the review, we are aware of any material modifications that should be made to the financial statements in order for them to be in accordance with the applicable financial reporting framework.

Our reviews are performed in accordance with the Statements on Standards for Accounting and Review Services (SSARS) or International Standard on Review Engagements (ISRE) 2400.