The purpose of an audit is to enhance the degree of confidence of intended users in the financial statements. This is achieved by the expression of an opinion by
the auditor on whether the financial statements are prepared,
in all material respects, in accordance with an applicable financial reporting framework.
In the case of most general purpose frameworks, that opinion is on whether the financial statements are presented fairly, in all material respects, or give a true and fair view in accordance with the framework.
An audit conducted in accordance with CASs and relevant ethical requirements enables the auditor to form that opinion
DG accounting Inc., provide review services in accordance with applicable review standards and framework. Our review services are not restricted to review of the financial statement and providing report, our review include providing management various feedbacks and suggestions to improve their bottom-line
The practitioner's objectives in a review of financial statements are to:
(a) Obtain limited assurance, primarily by performing inquiry and analytical procedures, about whether the financial statements as a whole are free from material misstatement, thereby enabling the practitioner to express a conclusion on whether anything has come to the practitioner's attention that causes the practitioner to believe the financial statements are not prepared, in all material respects, in accordance with an applicable financial reporting framework; and
(b) Report on the financial statements as a whole and communicate as required by review standards