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 Himanshu A Trivedi CPA LLC, 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 Himanshu A Trivedi CPA LLC, 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
A financial review may be the perfect fit - without the complexity of a full audit.

📞 Contact Us today to learn more or schedule a consultation.