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.
NorGlobe provides 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.
Some of the considerations we take into account when we serve your organization are:
- Growth opportunities
- Industry insight