Reviews and Compilations:Ensuring Accurate Financial Reporting
At LattaHarris, we offer a valuable service in the form of reviews and compilations. We see our role in the financial reporting process as an opportunity to provide constructive solutions that maximize your company’s profitability and efficiency. Our financial reporting services encompass two levels of assurance:
Our review service provides a lower level of assurance compared to an audit. During a review, we apply analytical procedures to financial data and engage in discussions with management. While a review does not involve examining underlying documentation or confirming account balances, the effective application of analytical procedures by our experienced CPAs can effectively identify potential financial statement misstatements. We recommend that businesses seeking a financial statement review first retain an in-house CPA well-versed in US GAAP, financial statement preparation, and reporting processes. This ensures the most efficient review possible.
A compilation is based on information provided by management. This level of service does not provide assurance. Our primary responsibility as CPAs is to ensure that the information provided by the client is presented in a manner consistent with US GAAP.
We are committed to maintaining the highest standards of accuracy and professionalism in financial reporting. Our team of experts works diligently to deliver reviews and compilations that provide valuable insights and facilitate informed decision-making. Trust us to ensure your financial information is presented in a form that adheres to US GAAP and meets the specific needs of your business.
Contact LattaHarris today to leverage our reviews and compilations service and enhance the credibility of your financial reporting. We are ready to support your company’s success.