Assessment of Accounting Practices
Reviewed FinancialsReviewed financial statements build on what is provided in a Notice to Reader, but give more detailed reconciliations of key accounts and typically include full explanatory notes to the statements. Your business would typically require review engagement financial statements due to a requirement in a lending agreement with a bank or other third party. While performing a financial statement review, our team is constantly analyzing your accounting system and data for weaknesses, and seeking opportunities to improve your business from a tax and strategic standpoint.
We often recommend a review engagement to be performed outside of a banking requirement since it is a valuable tool for promoting increased financial health and vigilance. The procedures we perform while reviewing your statements assists in identifying crucial areas of security and exposure helping you determine if the more extensive audited financial is necessary.