Stockholders, creditors, and private investors often need assurance that the
financial statements accurately represent the true financial position of a company.
Your stockholders, creditors, or private investors have different levels of risk tolerance, so we provide
three levels of assurance to meet your needs.
Compilation
Every business owner and/or shareholder should have a compilation done every month or quarter. This cost effective magagement tool provides management with a business profile that enables them to make strategic business decisions. Banks and other third parties may also require the periodic submission of compilations to meet banking compliance standard requirements.
Additionally, to be in compliance with with year end Interal Revenue Service and State Taxing Authority requirements, each busniess needs to produce contemperaneous accounting records. A compiled financial statements meets that requirement. Since a compilation is limited to presenting in the form of financial statement information which has been provided by management, it is not audited or reviewed and is not a substitute for a more costly financial statement audit or review.
