A review engagement provides limited assurance on your financial statements. It is less extensive than an audit and consists primarily of inquiries and analytical procedures. Based on that work, we conclude whether anything has come to our attention that causes us to believe the financial statements are not prepared, in all material respects, in accordance with the applicable financial reporting framework.
Review engagements are commonly requested by banks and other stakeholders when some assurance is needed but a full audit is not required. Reviews are performed in accordance with Canadian Standard on Review Engagements (CSRE) 2400.