In most jurisdictions, financial statements form only one part of the financial information that a public company prepares. In addition to publishing full
financial statements every year, public companies typically also need to issue less detailed financial information at other points throughout the year. In most cases, auditors review this financial information, but this review is not an audit. Instead,
the auditors make inquiries, apply analytical and other review procedures, and communicate whether anything has come to their attention that suggests the
financial information is not prepared, in all material respects, in accordance with the relevant GAAP. A review does not involve testing or other corroborative procedures.