Do You Need Reviewed Financial Statements?
In order to take out a business loan, take on an additional investor, or apply for a commercial license you may need a financial statement review.
When you start to look into it, you quickly find that this innocent sounding service is actually a bit more intrusive and expensive than you realized.
WHAT IS A FINANCIAL STATEMENT REVIEW
A financial statement review is very similar to an audit. In fact, you may have been asked for audited financial statements and have been allowed to obtain a review instead.
Both a review and audit involve a CPA gaining an understanding of your financial records and business operations in order to express an opinion regarding your financial statements as a whole.
Unlike an audit, a review does not involve examining source documents or assessing fraud risk making a review more limited.
ARE FINANCIAL STATEMENT REVIEWS EXPENSIVE
(at least it’s not an audit)
Somewhere between a Compilation and Audit, Financial Statement Reviews involve a bit of research and rather extensive compliance on the part of the CPA. For this reason, a lot of firms don’t offer these services for small businesses or if so, they are prohibitively expensive.
HOW IS BA&C DIFFERENT?
Lower Overhead Keeps Our Costs Down
BA&C is an entirely cloud-based accounting firm. Your financial statement review will be preformed by a licensed CPA who is a member in good standing with the AICPA and NCACPA.
Operating in the cloud saves travel costs and business disruptions. Taking advantage of available technology allows us to work together virtually while providing exceptional service and availability.
NEED MORE INFORMATION?
Schedule a Call
I’d like to bottom line it for you and let you know exactly what is required and how much it’s going to cost. To do that, we need to discuss what you need and how your business is structured.
Feel free to give me a call, text, or email to let me know when you’re available.