A financial review is not an audit. It is a snapshot of the financial position at a point in time and is undertaken by an independent professional who has the experience of this type of assignment and who can complete the review within a tight deadline. A financial review is usually commissioned by lenders at a time when a company is in financial difficulties, its purpose being to assess whether the enterprise has a future and if so, how that can be achieved.
The review looks at the reasons for the company’s financial difficulties, but more importantly it looks at the future. We consider the business and the quality of its management; we critically analyse management’s projections to see if they are achievable in light of management’s skill set and the company’s ability to fund its projections. We will then provide robust, practical and achievable recommendations as to the way forward.