When financial information must inspire greater confidence, start with clarity. Astritis helps you understand reporting needs, assess readiness, and identify what to confirm before formal assurance is considered.
Both can add confidence to financial statements, but their assurance levels and work differ. The right path depends on purpose, users, and applicable requirements.
An audit seeks reasonable—not absolute—assurance that statements are free from material misstatement. It evaluates evidence, controls, estimates, and selected transactions more extensively. Formal audit work and any report require an authorized, independent practitioner and agreed terms.
A review provides limited assurance, based primarily on inquiries and analytical procedures. Its scope is narrower than an audit’s and it offers less assurance. A review is not an audit; terms must be confirmed for the jurisdiction and engagement.
Assurance does not guarantee accuracy or detection of every error or fraud, and does not replace management’s responsibilities. Scope varies by situation and location.
Astritis offers financial reporting review, assurance needs assessment, and consultation on scope and requirements—making the next discussion focused and practical.
Discuss statement users, their request, and reporting questions.
Identify records, reconciliations, schedules, and explanations needing attention.
Organize preparation gaps and questions for clear scope discussions.
Share what prompted the need, statement users, and relevant decisions.
Consider financial statements and supporting information at a high level.
Record open questions, priorities, and scope for the appropriate provider to confirm.
Records depend on your situation. These are readiness discussion starters, not a complete request list.
Use an agreed secure channel for records. Never send confidential documents or identifiers in a general inquiry.
It depends on the statement users and applicable requirements. We clarify the request and preparation needs; the formal provider confirms the engagement.
No. A review uses mainly inquiries and analysis for limited assurance. An audit has broader work and reasonable, not absolute, assurance.
Formal assurance and reports require confirmation of authorization, independence, jurisdiction, and engagement terms before acceptance.
Organize records, intended users, deadlines, questions, and reconciliation gaps. Astritis can help prepare the conversation.
Before formal assurance work, the practitioner confirms the engagement, local authorization or license requirements, independence, jurisdiction, and terms.
Tell us what stakeholders have requested. We will help clarify the preparation and scope questions for the next step.
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