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.
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.
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.
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.!