Reviewed financial statements look just like those from an audit, but the accounting professional may not investigate as deeply as when an audit is performed. For example, he or she may not observe inventory or confirm accounts receivable. As a result, the independent accountant’s report does not provide quite the level of assurance as an audit.
On the other hand, the work costs substantially less than an audit, and we are still legally responsible for our findings.
Since the inception of such reviews in the 1980’s, banks and bonding companies in South Florida and beyond have grown familiar with the quality of our work; many now accept this form of report from our clients instead of requiring an audit.
Bob Hilson & Company
Modular Contractors, Inc.
James P. Moran, Inc.
Cineworks Digital Studios, Inc.