Review Engagement
Review engagement is a process in which a qualified
accountant reviews the company’s accounts and
investigate any areas of concern. By inquiries of
management along with complex analytical review
techniques, an accountant can perform assessment of the
financial statements at a high level.
Apex Pro Advisors has a team of experts who are skilled,
competent and experienced in performing review
engagement service with excellence. Our accountant will
analyze the changes from one year to another and will
include sample testing and additional procedures to
address the identified concerns.
Our professional takes account of anything seen during
the review which suggests a problem in the financial
statements that needs further investigation. The person
will present a conclusion in the form of a report so that
anyone who reads the report can see that an independent
review of the financial statements has been performed.
The accountant has to make enquiries of management
and others and to conduct analytical procedures to gain a
degree of assurance about:
- The financial statements comply with the selected financial reporting framework to give a true and fair view
- The management is aware of the responsibilities for producing the account
Review Engagement services offered by Apex Pro Advisors
Apex Pro Advisors team of experts will undertake
following activities:
Review all the material items which are present in the financial statements
Prepare written representations
Forming a conclusion in the reports
Reporting and documentation of financial or managerial concerns
Acceptance and continuation of review engagement
Consider and make enquiries of management bout the factors which can lead to increased risk which the financial statements may contain like material misstatements or can be non-compliant such as:
- The fraud incidence
- Nature of the client’s business along with organizational structures
- Undisclosed party related transactions
- Going concern problems
- Non-compliance with the laws and regulations
- Suitability of the accounting policies
- Post balance sheet events
- Estimates of the accounting
- Complex, significant or unusual events or transactions
Benefits of Apex Pro Advisors Review Engagement Services
- Identifying the possible areas of concern in the financial statements
- Presenting true facts to the management so that they can address the concerns and take right course of action
- Such engagements will generate more value for the business