REVIEW OF FINANCIAL STATEMENTS
Solution that provides the necessary level of assurance without excessive regulatory complexity: an efficient and cost‑effective form of assurance. Delivers clear, well-grounded conclusions on key financial indicators without the burden of complex procedures.
Introduction
Review of financial statements for credible, independent assurance
Moore Ukraine offers comprehensive review of financial statement services in Ukraine, providing an independent assessment that enhances credibility, identifies material issues, and supports compliance with regulatory and stakeholder requirements.
Review of Financial Statements service provides a limited level of assurance, combining professional analysis of accounting policies, internal control considerations, risk assessment, and analytics to deliver meaningful insights into your business performance.
- Statutory audits of financial statements in accordance with Ukrainian NAS and IFRS
- Audits of Group Financial Statements for consolidation purposes
- Audits of Single Financial Statements and Specified Elements
- Review engagements and tailored assurance assignments
Audit Services
Purpose
When a Financial Statement Review Is Appropriate
A review of financial statements is often the right balance between regulatory compliance, cost efficiency, and credible assurance. For many organisations in Ukraine, it provides the confidence stakeholders expect, without the scope and complexity of a full statutory audit.
Under Ukrainian law (Law No. 2258‑VIII and No. 996‑XIV), many organizations are required to perform statutory audits. However, for smaller entities or where full-scale audit is not required, a review engagement provides a compliant alternative while still ensuring credibility with banks, investors, and stakeholders.
A review engagement is significantly less resource-intensive than a full audit, making it ideal for businesses looking to control costs yet maintain the integrity of financial information. It’s especially appropriate for quarterly updates or interim financial disclosures when a full audit is not feasible or necessary.
Our review includes targeted assessment of principal business risks and internal control systems. We apply inquiry-based procedures and analytical techniques to detect potential issues quickly, giving hands-on feedback to management while preserving operational agility.
why moore
Moore in Ukraine: Our Approach
With over two decades serving Ukraine and being part of the Moore Global network, we blend deep local market understanding with the rigor of international standards (ISA/IFRS and local Ukrainian norms).
We don’t believe in one-size-fits-all. Each engagement is customized to your context — whether it’s a voluntary review for internal needs or to ready your business for expansion, investment, or compliance. This flexibility helps you get just the right level of assurance.
Our process is built for speed and clarity. With structured planning and well‑communicated milestones, clients know exactly what to expect — and when. You get a comprehensive review report and management letter that clearly communicates our findings and recommendations.
Although less extensive than a statutory audit, a professional review increases trust in your financial statements among lenders, board members, investors, or grantors — without the full cost or complexity of an audit.
Acts as a preparatory step, streamlining later full audits if required.
Get in touch with our Audit team
Our audit professionals work closely with management and stakeholders to deliver independent assurance, practical insight, and clarity across complex regulatory and business environments.
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