In a finances review, the accountant performs those procedures necessary to supply an affordable basis for obtaining  limited assurance that no material changes are needed to bring the financial statements into compliance with the applicable financial reporting framework. These procedures are more heavily concentrated in areas where there are enhanced risks of misstatement.

The categories of procedures that may be reasonable to conduct for a review include Internal audit The role of internal audit is to provide independent assurance that an organization’s risk management, governance and control processes are operating effectively.