Audit > Review of Financial Statements
Review of Financial Statements
The purpose of the Financial Statements review work is to declare, by the Public Accountant if, on the basis of a procedure that do not provide all the evidence that would be required in a financial audit, something has come to his attention that makes him believe that the Financial Statements are not prepared, with all the important aspects in accordance with the applicable accounting framework.
For the realization of the review work, it has to be consider the postulates that govern the Public Accountant based on the Code of Professional Ethics, referring to the independence of criteria, professional quality of work, preparation and professional quality; personal responsibility, professional secrecy, obligation to reject tasks that do not comply with morals, loyalty to the sponsor of services and financial compensation.
For the purpose of expressing the conclusion of the work, the Public Accountant must obtain sufficient and appropriate evidence, primarily, through research and analytical procedures, to reach its conclusions.