Compilation & Review Report of Financial Statement Services

If you are in the process of obtaining a loan from a bank and the bank requires a Compilation Report or a Review Report associated with the financial statements of your business, then you could contact us, and we will help you by providing a Compilation Report or a Review Report for the bank.

A compilation report is a document prepared by an accountant that summarizes their work in compiling a client's financial statements. It essentially states that the accountant has taken the financial information provided by the client and organized it into a standard financial statement format, but without providing any assurance about the accuracy or completeness of that information. The report highlights that the accountant's role is limited to compilation and that they do not express an opinion on the financial statements.

The main purpose of a review report is to offer limited assurance that the accountant, based on their procedures, did not find any significant issues that would require changes to the financial statements for them to comply with the relevant financial reporting framework, such as GAAP. This is known as providing negative assurance.