Audit
Reviews & Compilations
For when a lender, funder or board needs financial statements, but not a full audit.
Which One You Need
Review, compilation or audit
Audit
Reasonable assurance. We test the numbers and give our opinion on the financial statements.
Review
Limited assurance. We ask questions and run analytical procedures, and report whether anything needs changing.
Compilation
No assurance. We present your financial statements in proper form from the information you provide.
Your loan agreement, grant terms or bylaws usually say which one you need. Send them to us, and we will confirm.
What You Get
What each one gives you
Review
Your financial statements with our review report.
Compilation
Your financial statements in proper form, with our compilation report.
How It Works
How it runs
- 1
Proposal
We scope the work from last year's statements, your circumstances and your deadline, and send a proposal with a clear fee and timetable.
- 2
Onboarding
You get a document checklist and an agreed timetable.
- 3
The work
For a review, we ask questions and analyze the numbers. For a compilation, we put your statements into proper form.
- 4
Report
You receive the financial statements with our report.
FAQ
Questions We Hear Most
Can we start with a review and move to an audit later?
Yes. When a lender or funder starts asking for an audit, the review gives us a head start on planning it.
How is the fee set?
We scope the work from last year's report, your circumstances and your deadline, and the proposal states the fee before any work starts.
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