CPA For Review Financial Statements

Auditing Services

CPA For Review Financial Statements - Accounting Expert in Houston, TX

Reviews Provide Limited Assurance

A review is less extensive than an audit but more involved than a compilation. A review consists primarily of analytical procedures applied to financial statements and various inquiries to your company’s management team. If the financial statements or supporting information appear inconsistent or otherwise questionable, we may need to perform additional procedures.

A review doesn’t require us to study and evaluate your company’s internal controls, verify data with third parties, or physically inspect assets. A review report expresses limited assurance in the form of the statement: “We are not aware of any material modifications” for the financial statements to conform with the Generally Accepted Accounting Principles (GAAP). Reviewed financial statements must include all required footnotes and other disclosures.

A review engagement can be an excellent middle ground that provides the advantages of a CPA’s technical expertise without the work and expense of an audit.