Review Services

In a review, the auditor will make inquiries, primarily of persons responsible for financial and accounting matters, and perform analytical and other review procedures to enable the auditor to conclude whether, on the basis of the procedures performed, anything has come to the auditor's attention that causes the auditor to believe that the financial information is not prepared, in all material respects, in accordance with the Singapore Financial Reporting Standards.

It is a service under which the company obtains limited assurance that there are no material modifications that need to be made to the company's financial statements for them to be in conformity with the Singapore Financial Reporting Standards. Consequently, a review does not provide the company with assurance that the auditor has become aware of all the significant matters that would normally have been discovered and disclosed in an audit. With respect to reliability and assurance, a review falls between a compilation, which provides no assurance, and the more extensive assurance of an audit.

A review is typically performed on a set of interim financial statements to provide moderate assurance to financial statements users in between audits.