Financial Statements Preparation

For preparation services, the firm is engaged to prepare financial statements but not to perform an audit, review or compilation on those financial statements. The accountant is required to state that no assurance is being provided. No formal report issued on the financial statements.

A review engagement is conducted to provide limited assurance, primarily through the performance of inquiry and analytical procedures, that the accountant is aware of an material modifications that should be made to the financial statements  for them to be in accordance with the applicable reporting framework.

The objective of a compilation is to assist management in presenting information in the form of financial statements without obtaining or providing assurance on that information.

For preparation services, the firm is engaged to prepare financial statements but not to perform an audit, review or compilation on those financial statements. The accountant is required to state that no assurance is being provided

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    NorGlobe is a small business financial service provider focused on providing cost effective accounting and financial services ranging from bookkeeping to CFO services.
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