What is the difference between a financial audit and a review?
If you are a business owner, investor, or stakeholder, you may need to rely on financial reports to assess the performance, position, and prospects of your company or portfolio. However, not all financial reports are created equal. Depending on the level of assurance and scrutiny required, you may encounter two common types of financial reporting services: audits and reviews. What is the difference between a financial audit and a review, and when do you need each one? In this article, we will explain the main features, benefits, and limitations of both audits and reviews in the context of corporate finance.
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Maulik NagriExperienced Finance Executive | FP&A Process Builder | Shareholder Value Creator | SaaS Finance Expert | Profitable…
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Jeffrey JohannsAssociate Professor of Instruction at University of Texas at Austin - McCombs School of Business
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Gireesh BhatSenior Finance Manager @ USEReady | Financial Analysis