Engagement
Financial statement review
A review engagement that applies inquiry and analytical procedures so you can present reviewed statements without the depth of a statutory audit.
When a review fits
Banks sometimes accept reviewed statements for facility renewals when prior audited figures exist. Owners preparing investor updates may also prefer a review’s lighter fieldwork while still obtaining an independent practitioner’s conclusion.
What we do
We inquire into accounting policies and unusual fluctuations, compare ratios and account movements to expectations, and follow up on items that look inconsistent. We do not perform full substantive testing or inventory count observation unless separately agreed.
Deliverable
You receive a review report stating that we are not aware of any material modifications that should be made to the statements for them to conform with the applicable framework — wording follows the engagement letter and professional standards.
Timing and fees
Most single-entity reviews complete in three to six weeks once schedules arrive. Fees are quoted as a fixed amount after we see entity complexity and the quality of prior-period reconciliations.