NKPG provides review engagements when a level of assurance is required on a business’s financial statements, to ensure these statements are free from material misstatement.
Under this engagement, NKPG acquires sufficient knowledge of the small business and to make informed enquiries, comparison and assessment of all relevant information. In most instances, review engagements are required by businesses and organizations that have some form of financing from a financial institution.
As well, where an audit is not required and/or the shareholders waived the appointment of an auditor, financial statements may be prepared on a review basis.
The objective of a review engagement is an independent accountant review of the financial statements to provide limited assurance they are believable and credible.