{"@context":"https://schema.org","@type":"FAQPage","mainEntity":[{"@type":"Question","name":"How are special purpose financials different from GAAP statements?","acceptedAnswer":{"@type":"Answer","text":"

GAAP financials are designed for general use and follow a standardized format. Special purpose financials are customized for a specific user or purpose - such as a bank, board, or grant agency. They may not include all GAAP elements but still maintain professional quality and CPA-level credibility.\n
\nNeed GAAP-compliant reporting instead? Explore our GAAP Implementation and Audit & Review Services.

"}},{"@type":"Question","name":"Do these statements require CPA assurance?","acceptedAnswer":{"@type":"Answer","text":"

Not always. Special purpose financials can be prepared with or without assurance. We offer:\n

Preparation-only for internal or informal use
Compilation with a CPA report
Review or audit, if formal assurance is required

\n
\nWe'll guide you toward the right level based on your audience and compliance needs.

"}},{"@type":"Question","name":"When would I need a pro forma statement?","acceptedAnswer":{"@type":"Answer","text":"

Pro forma financials are commonly requested when:\n

Selling or acquiring a business
Securing financing for expansion
Modeling scenarios like opening a new location, adjusting leases, or raising capital

\n
\nThey help stakeholders understand the financial impact of proposed changes.

"}},{"@type":"Question","name":"Can special purpose statements be used for court or legal filings?","acceptedAnswer":{"@type":"Answer","text":"

Yes. We can prepare reports that meet the expectations of courts, regulators, and legal advisors - especially in the context of divorce, estate planning, or government compliance.\n
\nSee also our Personal Financial Statements and Estate & Trusts services.

"}},{"@type":"Question","name":"Can I use these for Medicare or healthcare filings?","acceptedAnswer":{"@type":"Answer","text":"

Yes. We help healthcare providers - especially hospices - prepare their required Medicare Cost Reports and similar industry-specific documents.

"}}]}