Stockholders, creditors, and private investors often need financial statements prepared by an independent CPA in order to gain some assurance that the financial statements accurately represent the true financial position of the company. There are several kinds of financial statements that a CPA can provide. Of the available choices, we focus on providing compiled financial statements.

What is a compiled financial statement?...

-In compiling financial statements for a client, we present information that is the "representation of management" in a manner that is often acceptable to stakeholders. In preparing the financial statements, we rely on our knowledge of accounting principles and a general understanding of your business. Banks often require a compiled financial statement from an independent CPA as part of their lending covenants.