A reviewed or compiled financial statement is often adequate to satisfy the needs of financial institutions, other regulators and shareholders. We often help our clients determine which level of assurance is most appropriate for their circumstances, which balances the cost and benefit of our services.
Our financial statement review process is less extensive than an audit. It relies primarily on inquiry, analytics and an understanding of the organization and contractual arrangements, in order to provide limited assurance that your financial statements are presented in accordance with generally accepted accounting principles.
Our process of applying analytics to the company’s current and historical data against industry information, combined with our ability to ask the right questions results in valuable information for our clients. In addition, we help our clients adapt these techniques so they can better evaluate their operations on a month-by-month and even week-by-week basis.
Compilations provide the lowest level of assurance. Our service is based on obtaining a general knowledge of the organization and presenting your financial information in the form of financial statements.