Transparency, integrity, and independence
As one of the leading accounting firms in Central PA, we understand the need for transparency, integrity, and independence in financial reporting. We provide a wide range of assurance services, including audits, reviews, compilations, financial statement preparation services, forecasts and projections, and agreed-upon procedures.
We provide the highest and most responsive level of service while never compromising our objectivity. We develop a thorough understanding of our clients' businesses, enabling us to offer unique solutions for their individual needs.
What is the difference between an audit, review, and compilation?
The key difference between an audit, review, and compilation is the level of assurance it provides.
- An audit provides the highest level of assurance that the financial statements are free from material misstatement and are fairly presented in accordance with the applicable financial reporting framework.
- A review provides limited assurance, based on primarily analytical procedures and management inquiries that no material modifications to the financial statements are required.
- A compilation provides no level of assurance because the financial report is based on the representations made by management and not verified by the accountant.
Financial Statement Services
Related PostsView More
Want to learn more about our Financial Statement services?
We would be happy to discuss how Trout CPA can help with your specific needs.