Many clients whose businesses are in the early or developmental stages do not require audited financial statements. Their needs, for both internal management purposes and credit relationships, may be satisfied with either compiled or reviewed financial statements.
The American Institute of Certified Public Accountants has promulgated standards for compilation and review engagements. The scope of these services is less than that of an audit which is performed in accordance with generally accepted auditing standards (GAAS). A compilation essentially consists of the presentation of unaudited financial data in the form of financial statements. A review includes certain other procedures, such as inquiry of client personnel and analytical procedures applied to the data.
Rink & Robinson, PLLC has extensive experience in providing compilation and review services to emerging companies and others in a variety of fields and locations. Our staff is thoroughly familiar with all the required procedures and has a proven record of compliance with standards set forth by the American Institute of Certified Public Accountants