Compilations

Stockholders, creditors, and private investors often need assurance that the financial statements accurately represent the true financial position of a company.


Compilation - Lowest Level of Assurance

 

In compiling financial statements for a client, we present information that is the "representation of management" and expresses no opinion or assurance on the statements. Compilations don't require inquiries of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general understanding of your business.

Banks often require compilations from an independent CPA as part of their lending covenants.

 

Understanding a compilation's unique strengths and weaknesses can help you decide if a compilation is right for you or if you require an additional level of assurance such as an audit or review. Please call if you have questions about the various types of

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