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Compilation

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.

Banks often require compilations from an independent CPA as part of their lending covenants.

Which Report Should You Use?

Each type of financial statement report may suit specific circumstances, depending on requirements from your client’s bank or other parties, as well as meet budgetary needs.

Understanding each report’s unique strengths and weaknesses can help you choose the most appropriate one. Please call if you have questions about which type of report is right for you.

Understanding each report’s unique strengths and weaknesses can help you choose the most appropriate one. Please call if you have questions about which type of report is right for you or complete the form below to request a consultation.

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    Accounting is the language of enterprise, and we speak it fluently. We can translate your goals into plans, your operations into results, and your oversight into clarity.

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    • 8119 Shannon Aly
    • Laurel MD 20724
    • Phone: 2405995907, 2404863003
    • Fax: 2406730070
    • Email: Info@7LinksCPA.com
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