Reviews

Choose the Right Level of Assurance for Your Business

The COVID-19 crisis is causing private companies to re-evaluate the type of financial statements they should generate for 2020. Some are considering downgrading to a lower level of assurance to reduce financial reporting costs — but a downgrade may compromise financial reporting quality and reliability. Others recognize the additional risks

2021-04-12T14:53:31-06:00October 13th, 2020|

Sorting Through the “Levels of Assurance” in Financial Reporting

How confident (or assured) are you that your financial reports are reliable, timely and relevant? In order of increasing level of rigor, accountants generally offer three types of assurance services: compilations, reviews and audits. What’s appropriate for your company depends on the needs of creditors or investors, as well as

2021-04-12T14:58:21-06:00February 10th, 2017|
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