A review of financial statements is the process of reviewing and analyzing a company's financial information to confirm that it is true and correct.
A review of financial statements helps to provide reliable and accurate information about the company's financial state, its income and expenses, as well as opportunities for further development and growth. This service is important for various stakeholders of the company, such as investors, creditors, government agencies and other stakeholders.
During a review of the financial statements, the auditor reviews the documentation relating to the financial statements, such as the balance sheet, income statement, and cash statement, to identify possible errors and inaccuracies. After the review, the experts report on their findings and recommendations for further actions of the company to improve its financial state.