Review reports are generally used when required by lending institutions, when owners or management want more assurance than would be provided with a Compilation and sometimes in connection with the purchase or sale of a business.  Reviews involve discussions with personnel as well as analysis of data. 

The Financial Statement Review Report may include several paragraphs, including: A review consists principally of inquiries of Company personnel and analytical procedures applied to financial data.  It is substantially less in scope than an audit in accordance with generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statements taken as a whole.  Accordingly, we do not express such an opinion.