Bookkeeping Review Audit

Bookkeeping Review Audit

A Bookkeeping Review Audit is a detailed examination of a company’s bookkeeping records and accounting processes. Unlike a full statutory audit, it focuses on reviewing the accuracy and consistency of recorded transactions, ensuring that financial data is correctly maintained and compliant with accounting standards.

Key Points:

Evaluates the completeness and accuracy of accounting entries.

Identifies discrepancies, errors, or gaps in bookkeeping practices.

Ensures compliance with International Financial Reporting Standards (IFRS) and UAE regulatory requirements.

Provides management with insights into financial record-keeping quality.

Purpose:

The review helps businesses maintain accurate records, supports reliable financial reporting, and prepares the organization for a full statutory audit if required. It is especially useful for companies seeking assurance over their bookkeeping processes and overall financial integrity.