Assurance Review

While an audit is probably one of the most common forms of assurance worldwide, it is not the only option.

An assurance review is a limited assurance engagement. It provides less assurance than the rigours of a full audit but a higher-level assurance than simply preparing a set of accounts. For small and medium-sized entities, where an audit is not required by legislation, there are other forms of assurance that may be more cost-effective and better-suited to their owners’ needs.

In some cases, where a business owner or manager wants an independent review of an entity’s finances and procedures, a risk assurance review can provide a more cost-effective solution than a full voluntary audit.

Spotting potential areas of risk

An assurance review provides limited assurance that the financial statements conform to the relevant accounting standards and principles. The process and procedures undertaken during the course of an assurance review can alert management to certain trigger points and areas of sensitivity that may require further investigation. This can either be done internally by the company itself, or by our team if deemed more appropriate.

View our process

Who we work with

We have offices in Fulham (London) and Edinburgh and predominantly conduct Assurance Reviews for organisations in South West London, the Southern Home Counties, and Edinburgh.

Our Assurance Review services cover:

• Limited companies

• Limited liability partnerships

• Sole traders and partnerships

• Professional bodies

• Multi-site set ups with regional branches

• UK subsidiaries of European organisations

• Charities