Audits, Reviews & Compilations
Although we do not provide audit services we do provide review and compilation services so it is important that you understand what each service does and does not do. When accountants work on your financial statements, what takes place? A surprising number of business owners do not understand what the accountant does. We would like to share with you the different services accountants perform in the attest and accounting functions. When you are finished reading this you should know the difference between an attest function such as a review, or an audit, and an accounting non-attest function such as a compilation. You will also have an idea of which service is "right” for you. If you have any questions, give us a call and we will be happy to discuss your particular needs and circumstances.
Oh, in case you were wondering, whenever the CPA designation is used in a report, it means a sole practitioner CPA, or firm of CPAs, whose name is used to sign a report. A CPA is designated an auditing CPA for auditing engagements, a reviewing CPA for review engagements and a compiling CPA for compilation engagements.