Sometimes a bank, landlord, franchisor or regulator needs comfort on one thing, such as a revenue figure, a covenant calculation or an escrow balance. We carry out agreed-upon procedures under ISRS 4400 (Revised) and review engagements under ISRE 2400, which cost less than a full audit and give you what the request actually requires.
Who this is for
- Tenants reporting turnover rent to landlords and malls
- Franchisees certifying royalty-bearing sales
- Borrowers confirming covenant compliance to lenders
- Companies needing a factual report for a liquidation, claim or grant
What the engagement covers
Procedures defined with you
We agree the exact tests in writing with you and, where relevant, the third party who will rely on the report.
Factual findings
AUP reports set out exactly what we did and what we found, with no opinion that could be misread.
Limited assurance reviews
Review engagements give negative-form assurance on a full set of financial statements at lower cost than an audit.
Fast turnaround
Because the scope is narrow, most of these engagements finish in days rather than weeks.
What you receive
- AUP report of factual findings (ISRS 4400)
- Review report with limited assurance (ISRE 2400)
- Supporting schedules
- Certificates in the recipient's format where acceptable
Frequently asked questions
Is a review the same as an audit?
No. A review relies mainly on enquiry and analytical procedures and gives limited assurance. It suits stakeholders who don't need a full audit opinion.
Can you sign the bank's own certificate template?
Often yes, as long as its wording fits professional standards. Send it to us early and we will suggest edits if they are needed.