Review
A review is similar in nature to an audit, however, a review is not as in-depth as an audit. A review is a process of performing inquiry and analytical procedures to a company’s accounts in order to provide a reasonable basis for expressing limited assurance that the financial statements are free of any material misstatements. A review also provides limited assurance that the financial statements are presented in conformity with “Generally Accepted Accounting Principles” or another “Comprehensive Basis of Accounting,” if applicable.
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