FINANCIAL STATEMENTS PREPARATION & REVIEW
The financial reporting process is important for internal analysis purposes as well as satisfying external requirements from banks, parent companies and others. We take the time to explain the various options available and help you in selecting the one that best fits your needs.
- Review – A review engagement provides “limited assurance” that financial statements are fairly stated. This type of engagement includes performing analytical testing and management inquiry, but it is substantially less in scope than an audit, and consequently requires less time.
- Compilation – A compilation is a service that assists you in summarizing financial information into the format appropriate for financial statements in accordance with professional standards . No opinion or assurance is provided by the us on the financial statements or underlying information.