Interim Review of Accounts
Limited assurance review of half-year or quarterly figures for boards that need comfort between statutory audits.
Who it is for
Boards and finance teams seeking a lighter review before lender packs or board packs are circulated.
Result
A review conclusion letter and notes on unusual movements in key account lines.
Scope
Inquiry and analytical procedures over interim balances; no full substantive audit sampling.
Provider
Senior reviewer with partner sign-off.
Included
- Analytical review of major account fluctuations
- Inquiry of management on significant estimates
- Review conclusion letter
Not included
- Full statutory audit opinion
- Inventory count attendance unless separately agreed
How the work runs
-
Scope agreement
-
Receipt of interim pack
-
Inquiry and analytics week
-
Clearance and letter
Duration
Two to four weeks depending on pack completeness.
Location
Primarily remote document review with one on-site day if needed.
Preparation
Interim trial balance, variance commentary, and prior-period comparatives.
Constraints
A review does not replace a statutory audit.