Stockholders/Owners, creditors, and private investors often need assurance that the financial statements accurately represent the true financial position of a company. Your stockholders/Owners, creditors, or private investors have different needs for financial statements, so we provide a compilation of financial statements.
In compiling financial statements for a client, we present information that is the "representation of management" and expresses no opinion or assurance on the statements. Compilations don't require inquiries of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general understanding of your business.