Review vs. Compilation vs. Audit: What’s the Right Level of Assurance for Your Business?

Two professionals discussing business operations on the floor of a manufacturing facility, one holding a clipboard.

You need financial statements, but which kind? Your bank’s asking for a review. Your bookkeeper says a compilation is enough. Someone else mentions an audit. What’s the difference? If you’re a business owner, especially of a growing small or medium-sized business, this situation might sound familiar. When stakeholders (e.g., lenders,… Read more