Certified Public Accountant


Not as extensive than an audit, but more engaging than a compilation, a review engagement involves applying analytical procedures  to the financial statements, and making inquiries about several aspects of the business as well as making inquires of the company's management team. If we sense an in consistency  between financial statements or supporting information and our inquiries  we may need to perform additional procedures.

  • Profit and Loss Statement (Income Statement)

  • Balance Sheet

  • Statement of Cash Flow

  • Statement of Retained Earnings. 

Occasionally, banks, government, insurance companies and other businesses require financial statements to process applications or get an overall status. This mode of service is usually fulfills the requirement when no assurance is needed by third party.

Review of Financial Statement

Compilation of Financial Statement

Compilations involve presenting management’s information in a financial statement form.  This form of service provides NO ASSURANCE to management or third party about the accuracy of the Financial Statements.  It also includes a disclaimer that states that no opinion is being given on these financial statements.  The financial statements typically included are:

Compilations and Reviews

Gary Mehta, CPA, EA


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Third Parties like Banks, government and Insurance companies often require statements with a limited Review. Reviews typically cover a shorter period of time, e.g 3 months. This mode of service is ideal when organizations require limited assurances on mentioned financial statements. 

Review of Financial Statements involves presenting management’s information with LIMITED assurance
that no material changes need to be made. This form of service comes with a report stating that limited assuranceis provided on the financial statements. It also CPA obtaining an understanding of the industry and its relevant financial benchmarks. The financial statements typically covered are

In compiling financial statements for a client, we present information that is the "representation of management" and expresses no opinion or assurance on the statements. Compilations don't require inquiries of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general understanding of your business.

  • Profit and Loss Statement ( Income Statement)

  • Balance Sheet

  • Statement of Cash Flow

  • Statement of Retained Earnings