Businesses often 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 the opinion of a CPA 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, a compilation is performed simply to gather company financial data and format it into a properly structured set of financial statements.
Smith & Howard’s accounting professionals provide many accounting compilation services to our clients — either monthly, quarterly or annually, depending on the needs of the business. Regardless of the frequency, clients know that we use our knowledge of your business to produce compilations that offer value and information that you can use.
If you need help with accounting software selection, just fill out the form on this page. A member of our Accounting Compilation Services team will contact you.