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North Dakota State Board of AccountancyMeeting Minutes: Dec. 13, 2001The meeting began at 9:08 am. In attendance were: Harris Wider, Rene Pulsing, Carol Mile, Joe Tate, Harold Wilde, Jim Abbott, Dick
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A two board members review is an evaluation conducted by two appointed members of a board to assess the financial statements of an organization, ensuring compliance with applicable standards and regulations.
Organizations or companies required to undergo a two board members review typically include certain small businesses, non-profits, or entities that are not mandated to have a full audit but still required to have their financials reviewed.
To fill out a two board members review, the appointed members should gather and evaluate the financial statements, prepare a report that outlines findings, and ensure compliance with applicable standards before submitting the review.
The purpose of a two board members review is to provide a moderate level of assurance on the financial statements, offering transparency and accountability while also identifying any areas of concern.
The report must include the financial statements being reviewed, any findings, recommendations for improvement, and confirmation of compliance with accounting standards.
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