Limited review
AccountingA lighter level of auditor assurance applied to quarterly numbers.
In plain terms
Not an audit. Fewer checks, no detailed notes, and no auditor commentary of substance.
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Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Quarterly results
Fundamental analysisA three-month financial update, subject to limited review rather than full audit.
In plain terms
Note-light and seasonal, and many companies omit the cash flow statement two quarters a year.