As a small business owner, having relevant, up to date financial information is critical. But you may not be the only stakeholder in your business. Creditors and other private investors often need financial information, in the form of financial statements, about your business. When this is the case, they need assurance that the
financial statements accurately represent the true financial position of your company.
We can provide a minimum level of assurance to meet your needs by issuing Compiled Financial Reports.
Compilation Reports
In compiling financial statements, 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.
