{"@context":"https://schema.org","@type":"FAQPage","mainEntity":[{"@type":"Question","name":"What's the difference between an audit, review, and compilation?","acceptedAnswer":{"@type":"Answer","text":"

An audit provides the highest level of assurance on financial statements and involves comprehensive testing and evaluation of financial data. A review is more limited in scope and focuses primarily on analytical procedures. A compilation is the simplest service, involving assembling financial data without assurance.\n
\nLearn more on our Audit, Review, & Compilation page.

"}},{"@type":"Question","name":"How do I know if my business or nonprofit needs an audit?","acceptedAnswer":{"@type":"Answer","text":"

Organizations may need audits for various reasons:\n

Lender or investor requirements
Board or grant conditions (especially for nonprofits)
Partnership agreements or regulatory filings

\n
\nIf you're unsure, Contact Orsak CPAs and we'll help assess your needs.

"}},{"@type":"Question","name":"What documentation will I need to provide?","acceptedAnswer":{"@type":"Answer","text":"

You'll typically need to provide:\n

Year-end financial statements
General ledger access
Internal control policies
Bank statements and reconciliations
Prior year tax returns

\n
\nWe'll provide a full checklist during onboarding to help you prepare.\n
\nIf you need help preparing your books, explore our Accounting services.

"}},{"@type":"Question","name":"How long does an audit take?","acceptedAnswer":{"@type":"Answer","text":"

Most audits take between 4 to 8 weeks from planning to final delivery, depending on your organization's size and readiness. Starting early helps avoid delays and allows for smoother communication throughout the process.

"}},{"@type":"Question","name":"Can Orsak CPAs work with my in-house accounting or controller?","acceptedAnswer":{"@type":"Answer","text":"

Absolutely. We frequently partner with internal accounting teams and part-time CFOs. Our collaborative approach ensures minimal disruption and maximum efficiency.\n
\nNeed support filling financial leadership roles? See our Part-Time Controller & CFO services.

"}}]}