LIMITED REVIEW
In India, the Listing Agreement’s Clause 49 addresses the corporate governance standards for listed businesses. It establishes the rules that businesses listed on Indian stock exchanges have to follow to guarantee responsibility, openness, and sound corporate governance. A listed firm must report its quarterly financial results to the stock market within 45 days after the quarter’s end in accordance with Clause 49. The business must also submit a limited review report from a certified auditor along with these findings.
An engagement by a chartered accountant (CA) to offer limited assurance on a company’s financial statements is known as a limited review of financial statements. A limited review is intended to give the CA the ability to issue a limited assurance conclusion regarding the absence of substantial misstatement in the financial statements. Inquiry, analytical techniques, and managerial discussions are used to accomplish this. Because the CA does not conduct thorough testing of internal controls and other procedures, a limited review does not offer a high level of assurance like a full-fledged audit does.
What Assistance Can Popli & Associates Offer?
To get a fair foundation for expressing limited certainty on the financial statements, we conduct analytical procedures and inquiries under limited review engagement. We may assist listed and other businesses with completing restricted reviews in strict adherence to relevant laws and submitting our report on schedule. Our staff of exceptionally talented experts upholds the confidentiality and integrity of our clients, offers a comprehensive examination of relevant accounting standards, and helps them reach a high standard of accuracy and integrity.
In order to gain an understanding of the company’s accounting policies and processes and determine if they are in compliance with applicable accounting standards, we conduct a comprehensive evaluation of the company’s accounting policies and procedures.
