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Compilation and Review Services order in Fairfield
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Compilation and Review Services

Compilation and Review Services

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USA, Fairfield
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Although an audit is the classic method of evaluating a company's financial situation, it is not necessary in many cases. Frequently a compilation or review of a company's financial statements is all that is needed. The cost of these services can be significantly less than the charges for a traditional audit. Compilation: A compilation is a presentation of financial statements and other information that is the representation of the management or owners. We do not express an opinion or give any other form of assurance. We read the statements and issue our compilation report on them. Compilations are useful when clients need assistance in preparing their monthly or quarterly statements. A compilation is essentially what the company would probably do itself, if it had the in-house staff. The CPA simply puts the company's financial information into statements appropriate for that particular industry. We do not establish whether these statements conform with generally accepted accounting principles. Review: A review is more comprehensive than a compilation. The accountant attempts to determine, through inquiry and analysis, whether a company's financial statements conform with generally accepted accounting principles. Reviews are useful when clients, creditors or others need limited assurance that the financial statements require no material modifications.
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Compilation and Review Services
Compilation and Review Services
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