Auditing & Reviewing Elements of Financial Statements

Reviews provide limited assurance compared to full audits, ensuring that your organization’s financial statements are presented accurately. They are typically necessary when third parties, like investors, seek assurance about financial reports but don’t require fully audited statements. ADCPA conducts reviews following Auditing Standard No. (800) for financial statements prepared under special purpose frameworks. While reviews don’t typically involve examining internal controls, we may offer suggestions to enhance efficiency or accuracy.