Stacks of printed financial reports beside a fountain pen

Assurance engagement

Interim Review Engagement

Limited assurance review of half-year figures for boards, lenders, or group reporting packs that need comfort short of a full audit.

Who it is for

Groups preparing consolidated packs and companies with mid-year lender covenants.

Result you receive

A review conclusion letter addressing whether anything came to our attention suggesting material misstatement of the interim statements.

Included

  • Inquiry of management and analytical procedures on key lines
  • Reading of board minutes and significant contracts
  • Written review report for the board or lender

Not included

  • Full substantive testing equivalent to a statutory audit
  • Forecast or budget verification

How the work proceeds

Agree scope and reporting date

Receive interim pack

Perform review procedures

Issue conclusion letter