When compared to an audit or review, a compilation is the lowest level of assurance. In a compilation, our firm places no opinion on the accuracy of the financial statement. In other words, we are not doing an audit. While this is true, compilations provide a highly valuable service to businesses. A compilation places (in the form of a financial statement) information which is the representation of management. Compilation reports are frequently provided to business owners on an interim and annual basis to track business performance. Frequently, bankers, insurance agents, and attorneys can use compiled financial statements in lieu of audited financial statements to meet their needs.

Give us a call to schedule an appointment to discuss your compilation needs.