Timely, accurate, and understandable financial statements are the foundation of gauging your business’s performance and assessing the strength of your financial position. Bildner & Company can help you build this foundation so you can make important business decisions with confidence.
These statements are typically performed in conjunction with bookkeeping or accounting services, and can be monthly, quarterly, or annually.
A compilation, simply, is financial data arranged into a conventional financial statement form. No assurances are made for completeness or accuracy of the information which has been provided from management.
A review, however, provides limited assurance on an organization’s financial statements. During a review, inquiries and analytical procedures present a reasonable basis for expressing limited assurance that no material modifications to the financial statements are necessary; they conform to generally accepted accounting principles. This “does it make sense” analysis is useful when the organization needs some assurance about their financial statements.