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Review & Compilation Services

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Many companies provide their financial statements, along with a CPA’s report, to lenders, investors, suppliers and customers. These stakeholders may gain different levels of assurance based on the type of financial statement provided.

A Review consultation provides stakeholders with limited assurance that no material modifications need to be made to the financial statements in order to be in conformity with the financial reporting framework.

A Compilation provides stakeholders with a general understanding of your business, the accounting principles used, and the financial reporting systems present. It also presents your financial information in the appropriate, accepted format.

The tasks require diligence and experience. Faris CPA’s superior corporate tax accountant provides thorough business tax services and innovative solutions that are just right for you and your business.

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FAQS

What is the difference between a compilation and a review?
A compilation is a basic summary of your company’s financial statements written by a CPA using your company’s data. On the other hand, in a review engagement, the auditor conducts analytical procedures and makes inquiries to ascertain whether the financial statements’ information is correct.
Is a compilation an attestation service?
Yes, a compilation is an attestation service because a Chartered Professional Accountant (CPA) should conclude the reliability of a company’s financial statement to produce the document. This scenario is usually applicable to private companies.
Is a compilation an assurance service?
No, a compilation is not an assurance service because it doesn’t provide any assurance on an organization’s financial statements. There are no testing or analytical procedures performed during a compilation.
Very happy with the services. Sam Faris is an expert tax consultant that i had the pleasure to work with on my tax matter. He met all his promises and was very reassuring throughout the process . He exceeded my expectations .
Had a great experience with Sam Faris and his team. Sam took over my file from the previous accountant and was able to fix significant mistakes in the books which ended up saving me taxes and get me a refund for money that I already paid to the government. They have performed the work on timely basis with the least cost possible. Anyone who is in search for the best tax consultant in the country, Sam Faris is the man. Thank you Sam and his team for all the amazing work.
Faris is an outstanding accountant. A professional at the highest level that comprehends the intrinsic power and beauty of numbers. Serving the appropriate value to each person or company, longing for his personal imagination and process in action keeping financial accounts. He's highly recommended in knowing the magical reality of numbers.