Stockholders, creditors, and private investors often need assurance that the financial statements accurately represent the true financial position of a company.
Your stockholders, creditors, or private investors have different levels of risk tolerance, so presently I provide the basic level of assurance to meet your needs.
Compilation - Lowest Level of Assurance
In compiling financial statements for a client, I 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, I rely on my 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.
This type of financial statement report may suit specific circumstances, depending on requirements from your bank or other parties, as well as meet budgetary needs.
Understanding this report's unique strengths and weaknesses can help you choose if this is the report you need.. Please call if you have questions about this type of report in comparison to the higher level reports, review and audit, or complete the form below for a Free Consultation.
