Also please pay no attention to the BBW lovers on the other board.
You dont Audit quarterlies for a variety of reasons. Cost-benefit and timeliness being the primary reasons.
Here is the assurance statement I use when i do a review:
| Our responsibility is to conduct the review in accordance with Statements on Standards for | |||||||||||||||||
| Accounting and Review Services issued by the American Institute of Certified Public Accountants. | |||||||||||||||||
| Those standards require us to perform procedures to obtain limited assurance that there are no material | |||||||||||||||||
| modifications that should be made to the financial statements. We believe that the results of our | |||||||||||||||||
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procedures provide a reasonable basis for our report. |
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In other words its a solid set of numbers.