A review of financial statements is a vital service conducted by an independent auditor or public accountant to provide limited assurance that a company’s financial statements are free of material misstatements. At Young & Right, we deliver professional and thorough reviews tailored to meet the needs of businesses in Lebanon.
What is a Review of Financial Statements?
The process involves:
- Inquiries and Interviews: Engaging with management and key personnel to understand the financial processes and gather insights.
- Analytical Procedures: Evaluating financial information to identify discrepancies and verify accuracy.
- Professional Judgment: Applying expert techniques to determine the most appropriate procedures for the review.
Scope and Deliverables
- Planning and Execution: The review begins with detailed planning and discussions with management to identify focus areas.
- Reporting Conclusions: A comprehensive report is prepared, summarizing findings and providing limited assurance about the financial statements.
- Clarification of Scope: The report outlines the work performed and explicitly states that an audit has not been conducted, distinguishing it from an audit opinion.
Why Choose Young & Right?
Our team of certified public accountants offers:
- Expertise in Lebanese financial regulations and compliance standards.
- Tailored solutions to meet your business’s unique financial review requirements.
- Clear, concise reports to help stakeholders make informed decisions.
Ensure the accuracy and reliability of your financial statements with our professional review services in Lebanon.
Contact us today to learn more about how we can provide limited assurance and support your business with independent, expert reviews.