The review service is one in which we perform analytic 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 and is substantially narrower in scope than an audit.
- Intended to provide lenders a basic level of assurance on the accuracy of the financial statements
- Typically appropriate as a business grows and is seeking larger and more complex levels of financing
- CPA firm issues a formal review report
Benefits of reviews include limited assurance and 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.