During a review of financial statements, the practitioner develops a conclusion that is intended to provide assurance to intended users that the entity's financial statements have been prepared in accordance with the applicable financial reporting framework. The practitioner bases his conclusion on the limited assurance he has obtained. The practitioner's report contains a description of the nature of the review engagement intended for persons who will read the report to enable them to understand the essence of the conclusion.
Purpose of this audit
The practitioner's objectives in conducting a review of financial statements in accordance with this Standard are to:
- obtain limited assurance, primarily through inquiries and analytical procedures, about whether the financial statements as a whole do or do not contain material misstatement to enable the practitioner to conclude that a matter has come to his or her attention on the basis that it believes that the financial statements have not been prepared, in all material respects, in accordance with the applicable financial reporting framework, or it concludes that no such facts have been prepared;
- Provide an opinion on the financial statements as a whole and communicate it to management and/or those charged with governance in accordance with the requirements of this Standard.
What result will you get?
- Auditor's report on financial statements
- Recommendations on all issues identified during the audit
- Assessing the company's internal controls
- Assessing the company's performance
Audit stages
- Accepting the task
- Planning and executing this task
- Forming an opinion and conclusion on the financial statements
It should be noted that this standard does not replace the requirements of other ISAs; nor does it purport to address all features that may be applicable in any particular circumstances of the assignment.
How long does the verification take?
Processing your request
Setting goals
Providing a package of documents
Examination
Results
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Services
Audit of financial statements
Services
Consulting
Partnership
Our Partners
The European Bank for Reconstruction and Development (EBRD)
International Committee of the Red Cross
Asian Development Bank
PSI
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The World Bank
Aga Khan Foundation
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