Intended to provide creditors, investors, and other outside parties with a high level of comfort on the accuracy of financial statements CPA issues a formal
Intended to provide lenders and other outside parties with a basic level of assurance on the accuracy of financial statements Typically appropriate as a business
Compilation of financial statements is a service where the role of the CPA is more apparent to outside parties, and as such, the requirements for performing this service are more explicit.
If you decide to have a CPA prepare your financial statements, they can do so at any frequency that is most useful for you. Typically, this service is performed in conjunction with bookkeeping or transaction processing services and can be monthly, quarterly, or annually.
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