Review
Engagement
Reliable financial verification. The efficient path to professional credibility without a full audit.
Limited Assurance For Informed Decision-Making
When a full audit is not required by law but stakeholders still need peace of mind, our review services provide the perfect middle ground. By applying ISRE 2400 (Review of Historical Financial Statements) and ISRE 2410 (Interim Financial Information), we offer “limited assurance” – giving your financial data valuable credibility while remaining cost-effective and efficient.
Our Review Engagement Services
We provide a targeted suite of assurance services designed to help SMEs maintain high reporting standards without the intensity of a statutory audit:
Review Engagement Vs. Statutory Audit
| Feature | Review Engagement | Statutory Audit |
|---|---|---|
| Primary Driver | Business Needs: Usually requested by banks, investors, or for internal health checks. | Legal Requirement: Mandatory annual filing for companies that do not meet audit-exempt criteria. |
| Level of Assurance | Limited Assurance: We confirm that nothing has come to our attention to suggest the accounts are wrong. | Reasonable Assurance: We provide a high-level "True and Fair" opinion on the financial position. |
| Work Process | Focused & Efficient: Relies on analytical procedures, trend spotting, and management inquiries. | Deep & Intensive: Includes physical stock counts, third-party bank letters, and transaction testing. |
| Operational Impact | Low: Minimal disruption to your daily accounting and operations team. | High: Requires significant time from your team to provide supporting evidence and documentation. |
FAQ
Frequently Asked Questions
A review engagement is typically requested by companies that need independent limited assurance on their financial statements outside of the statutory audit cycle. Common situations include investors or joint venture partners requesting interim financial verification, companies with internal governance requirements for half-year or quarterly reporting, and businesses where a foreign parent or holding company requires periodic assurance on subsidiary financials.
No. A statutory audit is a legal requirement under the Companies Act 2016 and provides reasonable assurance on your full-year financial statements. A review engagement is voluntary, conducted under ISRE 2400 or ISRE 2410, and provides limited assurance – typically on interim or specific period financials. Both serve different purposes and can be carried out independently of each other.
Yes, and this is quite common. Your statutory audit covers your full financial year for SSM compliance purposes. A review engagement may be commissioned separately – for example, to provide limited assurance on your half-year results for internal board reporting or to satisfy a specific investor or partner requirement during the year.
Not Sure If You Need A Full Audit Or Just A Review?
Let's have a quick conversation to determine the most cost-effective solution for your current business goals.
