ACCOUNTING GLOSSARY
Review
Reviewed Financial Statements
CPA statements providing limited assurance through analytical procedures and inquiries.
What does Review mean?
CPA statements providing limited assurance through analytical procedures and inquiries. Professionals may calculate, document or apply this concept differently depending on the transaction, accounting method, lender policy and governing documents. Borrowers should confirm the precise definition used in any term sheet or agreement.
Review in context
A middle-market lender may accept reviewed statements instead of a full audit.
Why it matters in financing
Review can influence how a lender, investor or advisor evaluates risk, pricing, structure, repayment capacity or transaction economics. It should be considered together with the complete financial picture rather than used alone.
Related accounting terms
Educational information only. This definition is general, may not match a particular lender or contract, and is not financial, accounting, tax or legal advice.