Independent reviews

An independent review is a limited assurance engagement where the relevant assurance professional performs primarily inquiry and analytical procedures to obtain sufficient appropriate evidence as the basis for a conclusion on the financial statements as a whole, expressed in accordance with the requirements of ISRE 2400 (Revised).

Our assurance teams are specialists in performing independent reviews.  With our extensive assurance expertise and skills, we offer unparalleled insights when performing these independent reviews.

An independent review differs from an audit on the following key points:

• Negative assurance is provided to state that the accountant is not aware of any material modifications that should be made to the financial statements;
• There is no requirement to obtain an understanding of the entity’s internal control and assess fraud risk;
• There is no verification and substantiation procedures, other than analytical review and inquiries with management.
• Costs – The cost with an independent review is generally significantly less than with an audit.