It's All Just Reporting, Right?

Compilation … review … audit … standalone financial statement preparation … it’s all just reporting, right? Not by far, assures ECS Financial's Nancy Geary.

We often receive inquiries regarding the various levels of financial statement presentation and attestation services provided by Certified Public Accountants. Companies we speak with think they need or want one or another level of service without really understanding what is included at each level, and what is really appropriate for their needs.

First, it is helpful to explain a few terms that apply to all levels of service: