Limited Reviews

Not all financial statements are subject to a mandatory audit. Nonetheless the financial statements may be subject to a limited review in order to enforce the confidence in the information of these financial statements. A limited review is a critical assessment by an auditor based on a plausibility approach.

The limited review is recommendable for the following financial information:

  • Published quarterly reports;
  • Small companies which are not subject to a statutory audit and where there is no identity between the shareholders and the managing directors.

The limited review provides the necessary assurance in the information contained in the financial statements independently if the financial statements have been compiled using national or international accounting or auditing standards.