Reviews & Compilations

• Reviews involve performing analytical procedures and inquiries to provide limited assurance that your financial statements are free of material misstatement. Reviews are less intensive and costly than audits but still offer enhanced credibility for lenders, investors, or boards.

• Compilations involve organizing your financial data into formal financial statements without providing assurance. Compilations are ideal when you need financial statements prepared for internal use or basic presentation purposes.

• Tailored Services: We customize the level of service based on your specific financial reporting needs and stakeholder expectations.

• Cost-Effective: Reviews and compilations provide a more affordable alternative to audits without sacrificing professionalism.

• Clear Communication: We explain the differences clearly and help you select the right service for your situation.

• Experienced Team: Our CPAs bring extensive experience across industries and organizational types.

1. Initial Consultation

   Understanding your business, reporting needs, and who will rely on the financial statements.

2. Financial Statement Preparation

   For compilations, we assist in preparing accurate and complete financial statements from your accounting records.

3. Analytical Procedures & Inquiries

   For reviews, we perform analysis and ask management questions to identify any obvious issues or inconsistencies.

4. Reporting

   We issue a review report providing limited assurance or a compilation report indicating no assurance is provided.

• Small to mid-sized businesses needing financial statements for lenders or investors

• Nonprofits seeking financial transparency without a full audit

• Startups and emerging companies looking for professional financial statements

• Organizations requiring basic reporting for internal or external use

• Enhance credibility with financial statement users

• Meet lender, investor, or board requirements

• Reduce costs compared to full audits

• Improve internal financial reporting

• Healthcare & Medical Practices

• Construction & Trades

• Hospitality & Restaurants

• Manufacturing

• E-Commerce & Retail

• Professional Services (Law, Consulting, Design)

• Real Estate & Property Management

• Nonprofit & Charitable Organizations

• Technology & SaaS Companies

• Media

• Gaming

​Need reliable financial statements without the full audit?

​

Contact Sterling Tax & Accounting CPA today to discuss whether a review or compilation best fits your needs.