Review of Financial Statements

Efficient, Reliable Financial Reviews for Small Businesses Need financial statements prepared for lenders, investors, or internal decision-making - but don't require a full audit? A review engagement might be the right solution. At MyAtlantic CPA, we offer timely, cost-effective review services that provide limited assurance while helping you meet financial and regulatory requirements with confidence..

What Is a Review Engagement?

A review of financial statements is a limited assurance engagement performed in accordance with AICPA standards. Unlike an audit, a review does not include in-depth testing or external confirmations - but it does involve analytical procedures and management inquiries to ensure the financials are plausible and free of obvious material misstatements.

A review is often sufficient for:

Small business loan applications

Investor presentations

Business planning

Compliance with certain state or industry regulations

Our Review Process

Our review engagements follow a systematic and well-documented approach:

In-depth discussions with management regarding financial performance and significant transactions

Application of analytical procedures to identify unusual trends or inconsistencies

Limited testing of supporting documents if necessary

Evaluation of accounting policies and overall financial statement presentation

Preparation of Reviewed Financial Statements with CPA signature

We conclude with a formal review report, stating that we are not aware of any material modifications needed for the financials to be in conformity with applicable accounting standards.

Why Choose a Review Instead of an Audit?

A review engagement offers the right balance between cost, speed, and credibility:

More affordable than a full audit

Faster turnaround time

Provides sufficient assurance for many lenders and internal stakeholders

Helps improve the accuracy of your financial records

Demonstrates a commitment to transparency and proper financial management

What You Can Expect from Us

At MyAtlantic CPA, we tailor our reviews to your industry and business size. You can expect:

A clear, concise review process with minimal disruption to your operations

Transparent communication on findings and recommendations

Financial statements that meet accounting standards and stakeholder expectations

A review report signed by a licensed CPA - offering credibility and assurance