Financial Statement Review

Description of Purposes and Deliveries of the service

The primary purpose of the service is to implement a review and provide clients with auditors' reports expressing a review opinion on whether any information obtained during the review indicates that the financial statements do not give a true and fair view in accordance with the financial reporting framework.  The assurance level of the review opinion is lower than the audit opinion.

There are four types of conclusion depending on possible effects of matters on the financial statements: (1) Unmodified Conclusion; (2) Qualified Conclusion; (3) Adverse Conclusion; (4) Disclaimer of Conclusion.

Besides, another purpose of the service is to provide the client with "Management Letter" presenting useful recommendations (if any) on (1) deficiencies of the internal control system; (2) risks related to accounting and tax matters; (3) weaknesses in management.

Who are clients of the service?

Companies and organizations that are subject to review by law such as listed entities, large public companies.

Any companies or organizations that wish to add credibility to the financial statements submitted to stakeholders such as investors, shareholders, suppliers, lenders, business partners. Reviewed financial statements with auditors' report will help clients to earn trust and confidence of stakeholders