Financial Preparations
Proven expertise in preparations, compilations and reviews.
As a business owner, you may be accountable to creditors, private investors, and shareholders, all of whom are
interested in ensuring that the company’s financial statements accurately represent the true financial position of the
company.
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You may be wondering which one is best for your business. The answer depends on the level of assurance or
financial accuracy that you want. For instance, you may decide a compilation is all you need this year, but in
subsequent years, you may decide that a review provides better information about your financials and enables you to
make better decisions about the future growth of your company.
Preparation, Compilation, or Review
Preparations
The preparation of financial statements involves the process of aggregating accounting information into a standardized set of financials.
Compilations
The first level of service is the compilation. There is no verification that the numbers presented in the statements are accurate and the financial statements produced are for management and third-party use.
Reviews
More involved than a compilation, but not as comprehensive as an audit, reviews provide “limited
assurance.” Key personnel are interviewed about the company’s accounting policies and procedures, industry, operations, and financial statements. A review report is issued as well.
We look forward to helping your business achieve financial success.
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