Key Points on an Independent Accountant's Review Report ...

An example of key points on an independent accountant's review report:

• ​We have reviewed the accompanying financial statements which comprise the balance sheets as of [xxx], and the related statements of income, changes in stockholders' equity, and cash flows​
• A review includes primarily applying analytical procedures to management's financial data making inquiries of company management
• A review is substantially less in scope than an audit
• Management’s Responsibility for the Financial Statements: Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance.
• Accountant’s Responsibility: Our responsibility is to conduct the review engagements in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. Those standards require us to perform procedures to obtain limited assurance
• ​Accountant’s Conclusion: Based on our reviews, except for the issue noted in the “Known Departure From Accounting Principles Generally Accepted in the United States of America” paragraph, we are not aware of any material modifications.

The accountant's report should include a statement that any difference in the facts, circumstances, or assumptions presented may change the report.

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