Audits, Review and Compilation

Audits, reviews, and compilations are financial statement services provided by certified public accountants (CPAs) to ensure accuracy and transparency in financial reporting. An audit is a thorough examination of financial statements and supporting documentation to provide assurance on their accuracy and compliance with accounting standards. Reviews involve a limited-scope examination to provide a moderate level of assurance, while compilations involve organizing financial data into a presentable format without providing assurance. These services are essential for businesses and organizations to maintain credibility with stakeholders, comply with regulatory requirements, and make informed financial decisions.