If the assurance provided by a financial statement audit is not required, but you still need to provide limited assurance to the users of your financial statements, Mallah Furman can perform a review service engagement in accordance with the Statements on Standards for Accounting and Review Services (SSARs) issued by the American Institute of Certified Public Accountants. If you require financial statement preparation assistance without the assurance provided by an audit or review engagement, we can perform a compilation engagement in accordance with the SSARs.
Whether your reporting needs are driven by internal or external users, these services are designed to assist you in preparing and presenting meaningful financial statements that provide an appropriate level of credibility and reliability in order for you and your investors, creditors, or others that do business with you to properly evaluate your business and make informed decisions.
Financial statement review services offer an evaluation of your company’s financial statements using management inquiries, analytical procedures, and our knowledge of the industry and your particular business. The scope of a review is less than that of an audit, but the resulting report provides a limited level of assurance that there are no material modifications that should be made to the financial statements.
Financial statement compilation services provide for the assembly of your company’s financial data from your accounting records into the form of financial statements. Unlike an audit, no opinion is expressed about the information in the financial statements; however, the user is informed that the financial statements are presented in conformity with U.S. generally accepted accounting principles (GAAP).