A compilation of financial statements represents the most basis level of service CPAs provide with respect to financial statements. In a compilation, we will assist with presenting financial information in a form of financial statements without undertaking any procedures to obtain or provide any assurance on the financial statements.
Reviewed financial statements provide the user with a level of comfort that based on the account’s review, the accountant is not aware of any material modifications that should be made to the financial statements. In a review, we will perform limited procedures to be able to provide a reasonable basis for obtaining limited assurance that there are no material modifications that should be made to the financial statements.
Audited financial statements provide the user with an auditor’s opinion that the financial statements are presented fairly. In an audit, we will perform procedures to obtain an understanding of the entity’s internal control and asses fraud risk. The procedures performed will allow us to provide an opinion on the financial statements.
Please contact us to discuss which level of service is right for you.