Reviews, Compilations, & Preparation Services
Reviews – In a review of financial statements, the CPA seeks to obtain limited assurance as a basis for reporting whether the CPA is aware of any material modifications that should be made to the
financial statements in order for them to be presented in accordance with an applicable financial reporting framework.
Compilations – When a CPA undertakes this type of service, the CPA applies accounting and financial reporting expertise to assist his or her client in the presentation of financial information, but the CPA does not seek to obtain or provide any assurance that there are no material modifications that should be made to the financial statements.
Preparation Services – In a preparation service, a CPA uses his or her knowledge of the client business to prepare financial statements in accordance with the AICPA Statements on Standards for Accounting and Review Services (SSARSs). Those standards do not require the CPA to determine if he or she is independent of the client, nor is the CPA required to issue a report on his or her services.
Hendersonville, NC 28792
M-F 8 am – 5pm
And By Appointment