Overview
A cost-effective level of independent assurance on the financial statements.
AsuraTrust provides financial statement review services, designed to offer small and mid-sized businesses the option of a cost-effective level of assurance. By utilizing analytical procedures and targeted inquiries, we identify unusual trends, confirm the plausibility of reported financial results, and strengthen confidence in the accuracy of your financial statements, without the time and expense of a full scope audit.
Whether you’re looking to satisfy lender or investor requirements, or want a financial statement review for best practices, our Firm is here to help. Schedule a consultation today.
Engagement details
How our reviews are performed, and what the engagement covers.
When you need it
Commonly required by lenders, investors, and third-parties seeking moderate assurance.
Value
Cost-effective alternative when a full audit is not required.
How we work
Our reviews are conducted in accordance with Statements on Standards for Accounting and Review Services (SSARS) promulgated by the AICPA.
Scope
Review procedures primarily include targeted inquiries and substantive analytical procedures.
Who it’s for
The stakeholders who most often rely on reviewed financial statements.
Banks & other lenders
Reviewed financial statements are a common requirement of loan agreements when a full audit isn’t called for. A review provides lenders with independent, moderate assurance over reported results.
Owners, partners & investors
A review strengthens confidence in the financial statements for owners and outside stakeholders — an independent check on reported results without the time and expense of an audit.
Growing businesses
For companies approaching assurance requirements for the first time, a review is a common first step — building reporting discipline and stakeholder confidence ahead of a potential future audit.
Review vs. compilation
Neighboring services on the assurance spectrum — the difference is whether assurance is expressed at all.
Limited assurance — a moderate level of confidence that the financial statements are free from material misstatement.
No assurance is expressed on the financial statements.
Primarily targeted inquiries of management and analytical procedures applied to the financial statements.
Financial information provided by management is presented in financial statement form, without performing verification procedures.
A review report concluding whether the accountant is aware of any material modifications that should be made to the financial statements.
A compilation report identifying the financial statements and stating that no opinion or assurance is expressed.
Lenders, investors, or other third parties want independent assurance below the level of a full audit.
Stakeholders need professionally prepared and presented financial statements, with no assurance required.
