A review engagement consists primarily of analytical procedures applied to the financial statements and inquiries your company's management team. A review does not require the evaluation of a company's internal controls, verification of data with third parties or physical inspection of assets. A CPA's report on a review of financial statements expresses limited assurance in the form of the statement: "We are not aware of any material modifications" for the financial statements to be in conformity with accounting principles. Reviewed financial statements must include all required footnotes and other disclosures.
Our firm can review your financial statements and provide you with comfort that, based on our review, we are not aware of any material modifications that should be made in your financial statements. CPA reviewed financial statements are often prepared for entities that have bank loans, outside investors or trade creditors.
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