Review Engagements
At LFG Partners, we offer review assurance engagement services to help businesses ensure the reliability and credibility of their financial statements. Our team of experienced CPAs conducts reviews of your financial information, providing you with valuable insights and increased confidence in your financial reporting.
A review engagement is a level of assurance higher than a compilation engagement but lower than an audit engagement. It involves the assessment of your financial statements through analytical procedures, inquiries, and discussions with management. Our goal is providing limited assurance that your financial statements are free from material misstatements. This service is ideal for businesses that require a moderate level of assurance and want to gain the trust of stakeholders, including lenders and shareholders.
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When you choose our review engagement services at LFG, our dedicated team will work closely with you to understand your business operations, industry-specific risks, and regulatory requirements. We will analyze your financial statements, perform necessary tests and procedures, and evaluate the reasonableness of your financial information. Throughout the review process, we maintain independence, objectivity, and adherence to professional standards.
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Key features of our review engagements:
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Independent Assessment: Our team conducts an independent assessment of your financial statements, providing limited assurance on their reliability and compliance with accounting principles and standards.
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Analytical Procedures: We utilize a variety of analytical procedures to assess the reasonableness and consistency of your financial information, comparing current and prior periods.
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Inquiries and Discussions: Our team engages in detailed discussions with management, inquiring about the accounting policies, procedures, and significant financial transactions, gaining an understanding of your business operations.
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Limited Assurance Report: We provide you with a review engagement report, outlining our findings, conclusions, and recommendations. This report enhances the credibility of your financial statements and helps you build trust with stakeholders.
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Professional Expertise: Our CPAs bring extensive knowledge and experience in reviewing financial statements across various industries. We stay updated with the latest accounting standards and regulatory requirements to ensure compliance and accuracy.
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At LFG Partners, we prioritize professionalism, integrity, and a personalized approach to review engagements. Our goal is to help you strengthen your financial reporting, identify potential risks, and enhance the reliability of your financial statements. Contact us today to learn more about how our review engagement services can benefit your business.