Compilation - Lowest Level of Assurance - Most Common Report for Small Businesses
In compiling financial statements for a client, we present information that is the "representation
of management" and expresses no opinion or assurance on the statements. Compilations don't require inquiries
of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general
understanding of your business.
Banks often require compilations from an independent CPA as part of their lending covenants. Understanding this report's unique strengths and weaknesses can help
you decide whether or not it is appropriate for your business. Please
call 336.971.8952 if you have questions or complete the form below for a Free Consultation.
