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Reviews and Compilations
Many times a company can benefit from a CPA's technical expertise and examination of the company's financials without the expense and intrusion of an audit. This would be either a Review or a Compilation. This work does not require us to study or evaluate your financial controls or to verify third-party data. Instead, we rely on our knowledge of accounting principles and a general understanding of your business to be able to state that the information presented is the representation of your firm and that the materials conform to Generally Accepted Accounting Principles. I will go over the strength and weaknesses of these two types of reports with you so you can understand which report type is best for your situation. Download my PDF on the recently issued ASB standards and guidance, a comprehensive compilation and review update and the latest insights on problems of financial statement fraud and professional ethics activities. 
Need a laugh? Click here to subscribe to my joke blog. Jerilyn Angotti, CPA |
Jerilyn Angotti, CPA |
When a Review is the perfect middle-ground for your stakeholders Why Compilations are the preferred report for banking covenants Limited Assurance with professional thoroughness How to choose a professional for your review or compilation When to use a Review and when to request a Compilation Demand the highest standard of Review and Compilations for your firm |
