A compilation provides the minimum review of your company’s financial statements. A compilation involves gaining a general understanding of your business, the accounting principles used, and the financial reporting system used and then presenting the findings in a report. We will not express any assurance about the accuracy of the financial statements and our report will emphasize that the service performed was a compilation. The compilation report may be a full disclosure report with complete footnote explanations of certain amounts and policies contained in the financial statements, or these disclosures may be omitted. Omission of this information is not permissible under the other levels of service.
If you are need of a review of your financial statements, we can first help you determine what type of report will best meet your needs. We base this assessment on the requirements from your company’s bank or other parties, as well as any time and budgetary constraints you may have. Don’t hesitate to call us today for a free evaluation.