Accurate financial statements are essential to managing your business. Clean, accurate financials also pave the way for maximizing value when you get ready to sell your business. Stockholders, creditors, and private investors often need confidence that the financial statements accurately represent the true financial position of a company. That's where professionally prepared, CPA-signed, compiled financial statements can set you apart.
In compiling financial statements for a client, we present information that is the "representation of management" and expresses no opinion or assurance on the statements. Compilations don't require inquiries of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general understanding of your business.
Banks and private lenders often require compilations from an independent CPA as part of their lending covenants.
