Financial Bookkeeping Review

Financial Bookkeeping Review

Client Name:   Client Contact:

Client Address:

Engagement Identification

Engagement Purpose: The Reviewer will perform a limited bookkeeping review of the records and schedules identified below for the period from through . This engagement is a review of bookkeeping processes and records and is not an audit. The Reviewer will provide limited assurance and a written report of findings and recommendations.

Scope of Review

The scope includes inquiry, analytical procedures, and limited corroborative procedures applied to the following bookkeeping components to assess completeness, accuracy, and internal control effectiveness. The Reviewer will not perform audit procedures, express an audit opinion, or verify every transaction.

Documents and records to be provided by Client (check all that apply):

Trial balance / general ledger

Bank statements and reconciliations

Accounts payable supporting documents

Accounts receivable schedules and invoices

Payroll records and payroll tax filings

Fixed asset register and depreciation schedules

Procedures to be Performed

Procedures may include, but are not limited to: review of reconciliations, analytical review of account movements, inquiry of personnel responsible for bookkeeping, inspection of supporting documentation for selected items, and assessment of bookkeeping controls. The Reviewer will report material findings and suggested adjusting entries where appropriate.

Findings Summary

The Reviewer will document findings and classify them by significance. Describe each area reviewed and summarize findings and recommendations below.

Adjusting Entries & Outstanding Issues

Fees & Payment Terms

The agreed fee for the review engagement is set out below. Payment is due within 30 days of the invoice date. Late payments shall accrue interest at 1.5% per month (18% per annum) on unpaid balances.

Subtotal:

Applicable Taxes:

Total Due:

Check

Bank transfer

Credit card

Limitations, Reliance & Liability

The Client acknowledges that the Reviewer will rely on the accuracy and completeness of documents and information provided by the Client. The Reviewer will not examine every transaction or test all accounting records. The Reviewer shall have no responsibility to detect defalcations or other irregularities not disclosed by the procedures performed. The Reviewer's liability, whether in contract, tort or otherwise, shall be limited to direct damages and, except as required by law, in no event shall such liability exceed the fees paid to the Reviewer for this engagement.

No party other than the Client may rely on the Review Report without the Reviewer's prior written consent. The Client agrees to indemnify and hold harmless the Reviewer against claims arising from inaccurate or incomplete information provided by the Client.

Confidentiality & Records Retention

The Reviewer will treat information obtained from the Client as confidential and will not disclose such information except as required by law or professional obligations. The Reviewer will retain working papers related to the engagement for a reasonable period consistent with professional standards, but original client records shall be returned to the Client upon request.

Acceptance

To accept the terms of this engagement, an authorized representative of the Client must sign below. Signing this document constitutes acknowledgment of the scope, fees, limitations, and other terms set forth herein.

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