Review Assurance Services

 A review provides limited assurance that no material changes are needed to the financial statements.  The review is intended to give reasonable assurance to an outside reviewer, rather than the detailed verification and reporting requirements required by an audit. A review provides a higher degree of verification than compilations, but not to the full extent of an audit. A review consists predominately of an assessment of an entity’s books and records through the performance of analytical tests, procedures, and calculation of certain financial ratios. The purpose of these analytical procedures is to identify account balances or relationships that appear unusual so that additional inquires can be made to determine the cause of unexpected patterns. Based on these inquiries, any necessary adjustments or reclassifications to the financial statements are made.