We understand that all situations do not require the level of assurance provided by an audit, and may dictate a review or compilation of your financial statements. A review is an application of analytical procedures and inquiry to provide a limited level of assurance, while a compilation is the presentation of financial data in the form of financial statements. When lenders, bonding agents, or other parties require the limited assurance provided by a review, or non-assurance from a compilation, we will try to add value to the service by:
- Developing an understanding of your business and the industry in which it operates,
- Considering the regulatory, governance, and organizational risks affecting your business, and
- Making suggestions to improve your accounting processes.
In addition to helping you to better operate your business, these could result in a more efficient review or compilation process. As with all of our assurance services, we believe that our firm and its professionals can add value due to our level of experience with review and compilation services, as well as our expanded interaction with you and your other trusted advisors.