Subscribe to our newsletter for monthly tax tips:

Reviews - Compilations

Reviews & Compilations in Westlake Village - David Reinus CPA, Inc.

As a business owner, there may be situations when you need to present evidence that your financial statements accurately reflect your company’s position. With the assurance services provided by David Reinus CPA, Inc., your financial statements will have the outside opinion of a CPA necessary to meet some of the requests of stockholders, creditors, and potential investors. To ensure our clients in Westlake Village and the surrounding communities receive the appropriate degree of assurance for their financial statements, David Reinus CPA, Inc. offers reviews and compilations.

What is a Review?

If you are not required to have an audit performed but need additional security, reviews may be a cost-effective alternative. David Reinus CPA, Inc. can still provide limited assurance about the credibility of your statements through a review. Reviewed statements can be a strategic resource for understanding your company’s financial position and a clearer depiction of your business for outside parties.

In order to obtain a reasonable basis for assurance, David Reinus CPA, Inc. will collect your financial statements and compare them to each other and to generally accepted accounting principles. Afterward, David provides a report expressing his opinion as to whether he saw any suspicious material modifications, inconsistencies between documents, or failure to conform to GAAP. If he saw none of these affecting your financial statements, the review report will support you in applying for a loan and attracting potential shareholders.

Reviews consider only the plausibility of financial information as it appears in statements. Banks often request these reports as a condition of maintaining a loan. Many potential shareholders or acquirers of the company may ask to see a review before proposing an offer.

What is a Compilation?

By itself, a compilation is not an expression of assurance from our firm. Instead, David Reinus CPA, Inc. takes the time to gain a general understanding of your business, along with the accounting principles and reporting systems in place. This allows our firm to assist your management in the proper organization and presentation of relevant financial information. 

Ready to Learn More? Contact Us!

Through experience and use of GAAP, David Reinus CPA, Inc. offers financial statement services that our clients rely upon to satisfy the requirements of interested parties. For more information the correct level of assurance for your company’s specific circumstances and budget, contact our Westlake Village firm today! 

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 Free Consultation.

Best Time To Call

[ Show a different Image ]