Sample Review Report - Independent Accountant’s Review Report - for financial statements

Sep 2, 2026

Independent Accountant’s Review Report template for governmental and business-type activities, discretely presented component units, major funds, and remaining fund information. Covers the scope of review, emphasizing analytical procedures and management inquiries rather than an audit, and explains that no overall audit opinion is issued. Details management’s responsibility for fair presentation and internal control, describes the accountant’s responsibility under US standards for limited assurance, and states conclusions about awareness of material modifications needed for US GAAP compliance. Includes optional supplementary information review provisions.

LanguageEnglish

CategoryLetters

FormatDOCX

Pages3

Reading Time1 min

AccessFree to download

Independent Accountant’s Review Report

Scope and objective of the review

Management’s responsibility for the financial statements

Accountant’s responsibility

Accountant’s conclusion

Other matter paragraphs and supplementary information

Sample Review Report Independent Accountant’s Review Report [Appropriate Addressee] We have reviewed the accompanying financial statements of the governmental activities, the business-type activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information of Any Parish Drainage District, a component unit of Any Parish Police Jury, as of and for the year ended June 30, 20X1, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents. A review includes primarily applying analytical procedures to management’s financial data and making inquiries of management. A review is substantially less in scope than an audit, the objective of which is the expression of an opinion regarding the financial statements as a whole. Accordingly, we do not express such an opinion. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement whether due to fraud or error. Accountant’s Responsibility Our responsibility is to conduct the review engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the American Institute of Certified Public Accountants, and the standards applicable to review engagements contained in Government Auditing Standards, issued by the United States Comptroller General. Those standards require us to perform procedures to obtain limited assurance as a basis for reporting whether we are aware of any material modifications that should be made to the financial statements for them to be in accordance with accounting principles generally accepted in the United States of America. We believe that the results of our procedures provide a reasonable basis for our conclusion. Accountant’s Conclusion Based on our review, we are not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in accordance with accounting principles generally accepted in the United States of America. Other Matter Paragraph(s) Supplementary Information The accompanying schedule of compensation, benefits, and other payments to the agency head, political subdivision head, or chief executive officer is presented for purposes of additional analysis and is not a required part of the basic financial statements. The information is the representation of management. We have reviewed the information and, based on our review, we are not aware of any material modifications that should be made to the information in order for it to be in accordance with accounting principles generally accepted in the United States of America. We have not audited the supplementary information and, accordingly, do not express an opinion on such information. (If applicable) The accompanying justice system funding schedule(s) is (are) presented for purposes of additional analysis and is (are) not a required part of the basic financial statements. The information is the representation of management. We have reviewed the information and, based on our review, we are not aware of any material modifications that should be made to the information in order for it to be in accordance with the reporting framework prescribed by Louisiana Revised Statute 24:515.2 and the Louisiana Legislative Auditor. We have not audited the supplementary information and, accordingly, do not express an opinion on such information. Add the following paragraphs as applicable If all Required Supplementary Information is included in repor

FAQs

What is the scope of an independent accountant’s review compared with an audit?

A review primarily applies analytical procedures to management’s financial data and makes inquiries of management. It is substantially less in scope than an audit and does not provide the expression of an opinion on the financial statements as a whole.

What responsibilities does management have for the financial statements?

Management is responsible for preparing and fairly presenting the financial statements in accordance with US GAAP. This includes designing, implementing, and maintaining internal control relevant to fair presentation and preventing material misstatement from fraud or error.

What conclusion does the accountant provide in the review report?

Based on the review, the accountant states that no material modifications are aware of that should be made for the financial statements to be in accordance with US GAAP.

Sep 2, 2026

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