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Reviews

Streamlining Financial Performance Reports

An audit is not always necessary to validate your financial reporting. For simple reporting of your financial position to third parties, such as regulatory agencies or creditors, a financial review provides inquiry and analytical procedures applied to financial data without the need for outside verification.

This procedure differs from a compilation in two ways — our team must be independent of your company, and all appropriate disclosures must be included in the reviewed financial statements. A review is a mid-tier assurance procedure that provides more reliance than a compilation but is not as invasive as an audit.

A financial statement review may also be useful to business owners who are not actively involved in managing their companies; and receive reporting with limited assurance that material modifications to the financial statements are not necessary.