Business financial review services offer a less intensive examination than a full audit, focusing on performing analytical procedures and inquiries to verify the credibility and consistency of financial information.
This service is ideal for organizations seeking assurance about their financial statements without the thoroughness of an audit. Meanwhile, a financial statement compilation involves an external accountant converting a business's bookkeeping data into tailored financial statements, including a profit and loss report (income statement), balance sheet, statement of equity or retained earnings, and cash flow statement.
Unlike audits or reviews, compilations do not provide assurance on statement accuracy or evaluate internal controls. Instead, the accountant relies on information provided by the company's management to prepare the financial statements.
Businesses often use compiled financial statements to furnish financial information to lenders, investors, or other external parties, offering a more cost-effective option compared to audits while still inspiring confidence in the reliability of the financial data.
Our business financial review process involves understanding the business and its environment, conducting analytical procedures, and making inquiries of management. We focus on significant trends and items that appear inconsistent, offering a limited assurance that no material modifications are needed for the statements to be in conformity with accounting principles.
Our dedicated team is ready to assist you on your path to financial success.
2021 Fillmore St
Suite 9141
San Francisco, CA 94115