Providing no level of assurance
Compilations are popular attest engagements when an organization does not require to be audited but needs to provide more formalized financial reporting to stakeholders beyond self-prepared financial reports.
We understand that small businesses may not have the internal resources to complete a full set of financial statements as required by lenders or other external parties. We can help. Our professionals will take your financial records and prepare financial statements based on that information. We are accustomed to working with numerous accounting software packages and will share our insights and suggestions throughout the engagement.
Trout CPA performs hundreds of such engagements each year and will consult with you about the best level of attest service to meet the needs of financial statement users.
We believe that it is often a worthwhile conversation to discuss the optimal financial reporting framework and help weigh the pros and cons of different bases of accounting, such as: