REVIEW OF FINANCIAL STATEMENTS

A Review of Financial Statements is a limited assurance engagement in which a Certified Public Accountant (CPA) performs inquiry and analytical procedures to assess whether the financial statements are prepared in accordance with an applicable financial reporting framework Indonesian Financial Reporting Standards issued by Institute of Indonesia Chartered Accountants.

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PURPOSE AND SCOPE

The primary objective is to provide stakeholders with limited assurance that the financial statements are plausible and free from material misstatement, based on the accountant’s review procedures.

Purpose and Scope

KEY CHARACTERISTIC

Limited assurance provided

Inquiry & analytical procedures only

Cost-effective alternative to an audit

Report issued

COMMON USE CASES

No Opinion or Conclusion

Credibility Enhancement

Entities not required to audit, but seeking credibility with banks, investors, or partners

Targeted & Sepcific

Board and Funding

For board reporting, due diligence, or funding applications

Report Locked

Affordable Assurance

Startups or SMEs seeking assurance without the cost of a full audit

IAPI

Standar Perikatan Review (SPR) 2400 – 2410 (Revisi 2023)

issued by the Indonesian Institute of Certified Public Accountants