Greater clarity even without a statutory audit requirement
A review engagement, also known as a limited review, is a streamlined and cost-efficient alternative to a statutory or voluntary audit of annual financial statements. It provides an independent professional assessment of your financial reports without reaching the scope of a full audit.
As part of the review engagement, we obtain a basic understanding of your economic situation and financial reporting through analytical procedures, plausibility assessments and inquiries. The objective is to assess, with limited assurance, whether there are indications that the financial statements contain material misstatements.
A review engagement is particularly useful for companies that are not subject to a statutory audit, subsidiaries, interim financial statements or group reporting. It is suitable wherever no statutory audit opinion is required, but transparency, reliability and an independent assessment are still desired.
Your benefits at a glance:
- Less effort and faster execution than an audit of annual financial statements
- Independent professional assessment of your financial reports
- Greater transparency for shareholders, banks, investors or the parent company
- Suitable for interim financial statements, subsidiaries and companies not subject to a statutory audit
A review engagement provides additional assurance, strengthens confidence in your financial reporting and offers an efficient solution when a full audit is not required.