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review of financial statements:

review of financial statements is active checks and accounting controls, through


the revision of accounting documents, review the accounting entries, reviewing the
accounting report, settlement records taxes and make necessary adjustments to the
accounting reports, financial statements reflect the financial position and relevant
enterprises in accordance with law.
Procedure:
Perform analysis of indicators compared to the previous period, forecasting
period and the results of the whole industry.
Consider consistency.
The procedures for accounting transactions recorded.
Consider the case of unusual or complex can affect the results reported.
Considering the important transactions arise near the end of the accounting
period.
Consider additional questions arose during the previous review.
Considering the significant events occurring after the date of the financial
statements.
Considering the important entry.
Consider comments from the management body.
Check whether financial statements conform with the financial reporting
framework.
Management reports reviewed by an accountant or auditor review from the
previous period.
Advantage
Costs need to review the financial statements audited lower costs. So verified
reports are often used in order to save costs when the entire audit.
Disadvantages
When reviewing the financial statements, management department is responsible
for preparing and presenting the financial statements of the unit, must have
accounting qualifications, knowledge of both business lines as well as their units to
carry currently under revision.

risk management services


Risk management is the process of a comprehensive review of the business
operations to identify potential risks that may impact adversely the operational
aspects of the business, based on which will make the response measures,
appropriate precautions corresponding to each risk. We can also understand the risk
management is a process that is organized in a formal way and are ongoing to
determine (din), control (control) and report (report) the risk can affect the
achievement of the business objectives of the enterprise.
Risk Management Process

Confirmation of business objectives.


Identify Risks.
Description and classification of risk.
Assessment and risk rating.
Develop response plans.
Organizations monitoring the implementation of measures.
Organizations monitoring the implementation of measures

Advantage: Simple measures, thorough and low cost.


Disadvantages
can avoid this risk but face other risks.
there can not avoid this situation or the cause of the risk associated with the
operation of the business.
may lose benefits can be obtained from such activities or assets.

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