Banks and other third parties often require compiled or reviewed financial statements from an independent CPA to fulfill lending and other requirements. Snarr, PLLC has the ability to offer these services at affordable rates.
Compiled financial statements are a representation of management with no opinion or assurance given on the financial statements. Compilations are among the least extensive financial statement preparation service offered by a CPA. 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.
Reviewed financial statements are more involved than a compilation but less extensive than an audit. A review report expresses limited assurance and must include all required footnotes and other disclosures. A review engagement consists primarily of analytical procedures applied to the financial statements and various inquiries of the company’s management.
If you are in need of a compilation or review, contact us today for a free quote.
