Compilations

Many of our clients require one of three levels of "assurance" for various purposes: an audit, review or compilation. Briefly, an audit provides the highest level of assurance available, extensive verification procedures and requires a CPA to render an opinion on the financial statements. A review requires only limited verification procedures and does not require the CPA to render an opinion.

Compilations, on the other hand, provide neither assurance nor an opinion by the CPA on the accuracy financial statements. Typically, the purpose of a compilation is to gather company financial data and format it into a properly structured set of financial statements.

Smith & Howard’s accounting professionals provide many compilations to our clients — either monthly, quarterly or annually, depending on the needs of the business. You can rely on Smith & Howard to put our knowledge of your business to work for you, and produce compilations that offer value and information that you can use.

For a printed comparison of audits, reviews and compilations, please email jbarnes@smith-howard.com