Accounting Review

An accounting review is a process where financial professionals examine a company's financial statements and records to ensure accuracy and compliance with accounting standards. Unlike an audit, which provides an official opinion, a review offers a reasonable level of assurance that the financial information is free of material misstatements. It involves verifying data, assessing accounting practices, and identifying any inconsistencies or errors. This process helps stakeholders, such as management, investors, or lenders, gain confidence in the company's financial health without the extensive procedures of an audit.