Frequently Asked Questions


What is a Compilation Engagement?

This type of engagement involves the preparation of financial statements.  Included with the financial statements is a report that is called a “Notice to Reader” stating that the financial statements are unaudited, and that there is no assurance provided by the...
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What is a Review Engagement?

Typically, a review engagement is requested by stakeholders in a company (bank, shareholders, etc.) to ensure that the amounts within the financial statements are plausible. Whereas in a Notice to Reader, there is no assurance provided, a review engagement provides a low...
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What is an Audit Engagement?

An audit engagement builds upon the procedures performed in a review engagement. In addition to the analytical and discussion procedures, the CPA will perform what is referred to as substantive procedures. Substantive procedures are a more in depth examination of the...
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Why do I need an Accountant?

There are good reasons for hiring an accountant at different stages of your company.. From a business plan to company formation, loan application to government audit, an accountant can make life easier for you at each step. That doesn't mean you always need to employ an accountant...
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