A review when your readers need limited assurance, not a full audit

Audit, review and compilation reports are issued by Ebotagborndang Mbi, PLLC, a separately registered CPA firm.

A review uses inquiries and analytical procedures to provide limited assurance rather than an audit opinion. • Ask management about accounting practices and financial information. • Perform analytical procedures, comparisons of balances, trends and relationships. • Read the financial statements and follow up on unexpected information. • Obtain management representations, written confirmations of responsibilities and information provided. • Report whether the CPA firm is aware of material modifications needed to follow the applicable accounting framework. You receive the CPA firm's limited assurance conclusion in its review report.

The reporting package presents the agreed statements and supporting notes for the intended readers. • Balance sheet showing assets, debts and owners' balances. • Income statement showing revenue, expenses and results. • Cash flow statement showing cash receipts and payments. • Notes explaining accounting policies and required disclosures. • Management representation letter documenting management's confirmations. You receive the agreed reviewed statements, notes and representation documentation.

The review engagement is priced at $5,000–$12,000+, with final scope confirmed in the proposal. • Confirm that intended readers require limited assurance. • Include the independent accountant's review report and agreed statements. • Add an observations letter with recommendations if agreed. • If readers require reasonable assurance instead, discuss a separate audit engagement. • Agree on record handoffs, management responsibilities and the reporting schedule. You receive the agreed review report, statement package and any separately agreed observations letter.