Engagement
Interim Financial Review
Limited assurance review of half-year or quarterly figures for boards, lenders, and group consolidation packs.
Who it is for
Companies that report interim results to parent groups or lenders between annual audits.
Result
A review conclusion stating whether anything has come to our attention that the interim statements are not prepared in accordance with the applicable framework.
Delivery
Primarily remote inquiry and analytical procedures, with one on-site day if inventories or cash are material
Duration
2–4 weeks
Pricing basis
Fixed fee per review period — starting from ¥420,000
Included
- Analytical review of significant fluctuations
- Inquiry of finance leadership on estimates and subsequent events
- Cut-off checks on major revenue and expense streams
Not included
- Full substantive testing equivalent to a statutory audit
- Restatement work for prior periods
Process
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Scope confirmation
Agree the interim period, framework, and users of the report.
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Procedures
Perform inquiry, analytics, and selective corroboration.
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Conclusion
Issue the review report and discuss residual risks with management.
Preparation
Interim trial balance, variance commentary, and draft notes.
Constraints
Reviews are not a substitute for statutory audit where one is required.
Next step
Tell us your interim closing date and reporting users.