A review engagement requires all of the procedures necessary for a compilation engagement, plus other analytical procedures that enable the accountant to provide limited assurance on the financial statements.

The purpose of analytical procedures is to identify account balances or relationships that appear unusual so that additional inquiries can be made to determine the cause of the unexpected results. Based on these inquiries, any necessary adjustments to the financial statements may be proposed to management.

When a compilation is not sufficient for a third party’s use, a review of the financial statements is often the next logical level of service an external CPA will report on.

For more information about our review reporting, please contact Don or Brent to set up a complimentary needs assessment. You may also submit a form through our contact us page.