Extended Review Statement

An extended review is a more in-depth assessment of a company's financial statements than a standard review. Here, the auditor conducts a more comprehensive analysis of financial data, internal controls, and relevant processes. The goal is to provide a more detailed assessment of the company's financial condition, which can be particularly useful for companies seeking to attract investments or loans.

When is an extended review used?
An extended review is relevant for companies that are not legally required to have their financial statements audited but still want a higher degree of assurance regarding the accuracy of their financial statements. It may be a requirement from banks or investors to increase their confidence in the company's financial position.

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