{"@context":"https://schema.org","@type":"FAQPage","mainEntity":[{"@type":"Question","name":"How is a review different from an audit?","acceptedAnswer":{"@type":"Answer","text":"

A review provides limited assurance through inquiry and analysis - no third-party verification of balances or controls. An audit provides high assurance and includes testing, verification, and risk assessment.\n
\nNot sure what you need? Compare our Audit Services and Compilation of Financial Statements to find the best fit for your situation.

"}},{"@type":"Question","name":"Who typically requires reviewed financials?","acceptedAnswer":{"@type":"Answer","text":"

Reviewed financial statements are often requested by:\n

Banks or lenders issuing credit
Bonding companies for construction projects
Investors or limited partners
Nonprofit boards and grantors
Internal stakeholders seeking external validation

"}},{"@type":"Question","name":"What does the CPA report say?","acceptedAnswer":{"@type":"Answer","text":"

The CPA review report states that we are not aware of any material misstatements based on the procedures performed. This adds credibility, even though it does not guarantee accuracy or include third-party verification like an audit would.

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

You'll need:\n

Access to your trial balance and general ledger
Supporting documentation for significant balances
Management explanations for any large variances

\nDon't worry - we guide you through the process step by step.\n
\nNeed help cleaning up your records first? Consider our Preparation of Financial Statements or GAAP Implementation services.

"}},{"@type":"Question","name":"How often do I need a review?","acceptedAnswer":{"@type":"Answer","text":"

Many organizations undergo annual reviews to satisfy compliance or funding requirements. We also perform interim reviews for clients with more frequent reporting needs.

"}}]}