Financial Statements

FINANCIAL STATEMENTS - REVIEWS - COMPILATIONS

Stockholders, creditors, and private investors often need assurance that the financial statements accurately represent the true financial position of a company.

Your stockholders, creditors, or private investors have different levels of risk tolerance, so we provide different levels of assurance to meet your needs.

Review

A review engagement consists primarily of analytical procedures we apply to the financial statements, and various inquiries we make of your company's management team. If the financial statements or supporting information appear inconsistent or otherwise questionable, we may need to perform additional services.

A review doesn't require us to study and evaluate your company's internal controls or verify data with third parties or physically inspect assets. Rather, a review report expresses limited assurance in the form of the statement: "We are not aware of any material modifications" for the financial statements to be in conformity with the Generally Accepted Accounting Principles (GAAP). Reviewed financial statements must include all require footnotes and other disclosures.

Compilation - Lowest Level of Assurance

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.

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 for a consultation.

Name
Phone
Email
Best Time To Call
Comments
CAPTCHA Image

[ Show a different Image ]

Get In Touch

At Michelle A. Friedman, CPA, PLLC, we've been serving the Tax and Accounting needs of Houston, TX and the surrounding area for years. If you need help managing any aspect of your personal or business finances, we want to hear from you.!

Michelle A. Friedman, CPA, PLLC

8582 Katy Freeway Ste 203, Houston, TX 77024
T: (713) 932-6408
F: (713) 932-6308
 Contact Us



© 2021

Search  Site Map  Privacy Policy  Disclaimer
Back to top

Get In Touch

Client Portal Login

Subscribe to our Newsletter