Definition : Review engagment

The analysis by a Chartered professional accountant (holder of a public accounting permit) of the financial data of the syndicate of co-owners. The accountant determines if the financial statements and any other declared financial information are credible, which means that they can be relied upon. He thus ensures that the financial statements do not contain irregularities which could indicate that they are erroneous or not in conformity to the current accounting standards. The accountant is generally not required to obtain supporting documents or proof from a third party, no opinion on the exactness of the financial statements of the syndicate of co-owners is given.