If you have assurance needs that don’t require an audit, you can look to us to provide review or compilation services. These services are less in scope than an audit and are typically provided to closely held businesses. When providing each of these services, we issue formal reports which explain our responsibilities with respect to the financial statements presented.
A review consists principally of inquiries of company personnel and analytical procedures applied to financial data. Our review procedures typically allow us to express limited assurance that there are no material modifications that should be made to the financial statements in order for them to be in conformity with the applicable basis of accounting.
A compilation is less in scope than a review. Compilation services are limited to presenting in the form of financial statements information that is the representation of management.