A review increases the credibility of the financial statements
In the event that you are not subject to an obligatory audit for your annual financial statements, but you require a lower degree of reliability for your shareholders or a financing bank, we can offer you a review of your financial statements. A review is limited primarily to inquiries of employees of the company and analytical assessments. It is conducted in accordance with the principles for reviewing financial statements as defined by the Institut der Wirtschaftsprüfer (German Institute of Public Auditors).
For Clients acting internationally, it is possible to conduct such an audit in accordance with the International Standard on Review Engagements (ISRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity and to report on it – in English, of course.
Benefits of an auditor's review
The reliability and credibility of your communicated company information is an important prerequisite for the trust of important stakeholders. An Auditors’ review ensures the quality of your financial information and thus contributes to building confidence.
The auditor’s review is not an audit but a critical evaluation of the financial statements based on comprehensive plausibility assessments. Because the audit procedures are less detailed than those for the audit of the annual financial statements, certain procedures are executed more quickly and with less effort.
The advantages of the review include, among other things, increasing reliability and, as a result, improving the credibility of financial information without a comprehensive audit.