The bank is requesting assurance that the financial statements are not misstated. When your accountant typically prepares your financial statements and corporate tax return, they are not required to go in to detail and verify the accuracy of the information provided. However, in a review engagement your accountant will inquire, analyze and discuss the financial statement information with you in order to determine whether it is plausible. The financial statements will then be accompanied with a review engagement report that will give the bank the added assurance they require.
We specialize in assurance engagements and would be more than happy to assist you in meeting this important banking requirement.
