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Independent Review Services

An independent review gives stakeholders limited assurance on your annual financial statements. We help you understand what is required and prepare for it.

Independent reviews

Assurance your stakeholders can rely on.

An independent review is an engagement in which an independent practitioner reviews a company’s annual financial statements and provides limited assurance on them. It is less extensive than an audit.

Whether a review is required — and who may perform it — depends on the company’s circumstances, including its public interest score and ownership. We help you establish what applies to you and get your records ready.

The requirements depend on your company’s circumstances, so we confirm them before any work begins.

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Get clarity

Know what
applies to you.

When it may be needed

When a review may come up

These are common situations where an independent review is discussed.

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  • Your public interest score has changed

    Growth or changes in the business may affect what is required.

  • A lender or investor asks for assurance

    Stakeholders want independent comfort on the numbers.

  • Shareholders request it

    Owners who are not involved in management want added assurance.

  • You are unsure what applies

    You need clarity on whether a review or audit is required.

How it works

Preparing for an independent review

Good preparation makes the engagement efficient and predictable.

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  1. Confirm the requirement

    We help you establish whether a review, audit or neither applies to your company.

  2. Prepare the statements

    Accurate annual financial statements are prepared from reconciled records.

  3. Organise supporting evidence

    We help you assemble the information the reviewer will need.

  4. Support the engagement

    We assist with queries during the review so it runs smoothly.

Not sure whether you need a review?

Talk to us and we will help you understand what applies to your company.

FAQ

Independent review questions

Is an independent review the same as an audit?

No. A review provides limited assurance and involves fewer procedures than an audit, which provides reasonable assurance.

Does every company need an independent review?

No. Requirements depend on the company’s circumstances, such as its public interest score and whether owners are also directors.

Who can perform an independent review?

It must be performed by an appropriately qualified, independent practitioner. Requirements vary by company, so we confirm what applies to you.

How do we prepare?

Start with accurate, reconciled records and well-prepared annual financial statements. We can help with both.

Still have questions? We’re happy to help.

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Get clarity on independent reviews

Book a consultation and we will explain what applies to your company.