Review Engagements

A person hired to conduct a review prepares the financial statements of the corporation.

But the objective of the reviewer is only to give an opinion whether it is plausible that the financial statements are in accordance with generally accounting principles.

The reviewer’s procedure are limited to making inquiries of management for the reasons of changes in account balance, and the accounting procedures followed by management. The reviewer does not test management’s assertions, or the transactions and balances reported.