What are Corporate Compilations?
Of all three financial statement services, compilations are the most basic. Compilations provide a general understanding of the business and it’s services, and present basic financial information. The compilation does not have to be performed by an outside CPA firm, but can be performed by a CPA working within the company.
Processing Corporate Compilations
Unlike other financial auditing services, compilations can be done by an independent accounting firm or by an internal accountant already working for your company. When performing corporate compilations our team will review the existing P&L statements which will include company revenue, costs and profit numbers. This data, typically provided and reviewed during company finance meetings, we be reviewed and suggestions will be made on how to utilize this data for increased profitability in addition to ensuring proper tax processing is being performed.
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