Reviews & Compilations for an Understanding of Your Business's Financial
While audits are the most comprehensive, detailed evaluation of an organization’s financial statements, many organizations opt for review and compilation services.
Our team focuses on delivering the right level of assurance when conducting compilations and reviews. We work closely with our clients to present financial statements that offer the appropriate level of credibility for creditors, vendors, lenders and other important business partners. The result is a financial statement review/compilation report issued in accordance with the Statement on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. Most importantly, the concerns and needs of your business partners will be satisfied, allowing you to move the business forward.
Reviews
Our financial statement review service evaluates your company’s financial statements using inquiries, analytical procedures, and knowledge of your business practices and industry. While the scope of the engagement is less intrusive than an audit, the resulting report provides a limited level of assurance that no material modifications need to be made to the financial statement.
Compilations
Our financial statement compilation service compiles financial data from your accounting records to present it in the form of financial statements. In a compilation, we do not express any opinion of the accuracy of information in the statements. While a compilation is less intensive than a review, companies benefit from having their financial statements presented by an external CPA.
*In a review, some analytical procedures are conducted with limited assurance. Compilation is based upon client information provided and used primarily for internal use.
