An audit review is a specific engagement prescribed by Review Engagement Standards issued by Chartered Accountants Australia New Zealand (CAANZ).
An audit review is a less rigorous engagement than a full audit and thus provides less assurance.
Requiring less work than an audit, an audit review will have a reduced cost. However, it is important to establish if an audit review will satisfy the purpose for which it is intended (i.e. rules of the organisation, meet external funding requirements, etc.)
Please contact Mitchell Mcfarlane to discuss an audit review.