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LORENZO ISD EMPLOYEE HANDBOOK 2020 2021Reviewed by Board of Trustees July 20, 2020, If you have difficulty accessing the information in this document because of a disability, please email Dolores
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The reviewed financial statements are evaluated by a board of directors or an independent accounting firm.
Companies that require a higher level of assurance than a compilation but less than an audit, typically those seeking investment or financing.
The process involves preparing financial statements and having them reviewed by a board or CPA, ensuring accurate reporting and compliance with applicable standards.
The purpose is to provide an external review that enhances the credibility of a company’s financial statements without the full disclosure of an audit.
The report must include financial statements, notes to the financials, and the reviewer’s conclusion on the financial condition of the company.
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