Restricted Use Reporting: Common Practice Issues

At times, practitioners are required to determine whether they need to restrict the use of audit, review, or compilation reports to certain specified parties. Other times, practitioners may decide to restrict reports voluntarily because they want to limit the use of the report to certain specified parties. This is often done in circumstances where the practitioner wants to reduce business risks on certain types of engagements. An alert that restricts the use of an audit, review, or compilation report can