Limited Review of Financial Statements

The limited review of financial statements is an intermediate service between the compilation and the audit. It aims to enable our Firm, as independent professionals, to provide a reasonable conclusion on whether the financial statements are prepared in all significant aspects in accordance with the applicable financial reporting framework.

This service is performed under the NIER 2400 (revised) — “Assignment Review of Financial Statements” issued by the IFAC.

Unlike an audit, a limited review does not involve extensive testing or detailed verification procedures; it primarily relies on inquiries and analytical research, which allows for obtaining limited but greater assurance than in a compilation.

We provide:

• An independent report granting limited security and credibility to the financial statements without reaching the level of an audit.
• A limited review of companies that must file information to banks, investors, or regulatory entities that require professional support, but not necessarily a full audit.
• A higher level of assurance than a compilation, despite fewer procedures than an audit, thus saving time and fees.
• Identification of significant inconsistencies or risks in the financial statements that can be corrected promptly.
• Support to enable owners and managers to have external support, enhancing confidence in the information used for decision-making.