A compilation involves assembling data from your records and presenting it in an appropriate financial statement format. For some businesses, this statement is sufficient enough to meet management needs, as well as the needs of certain third parties.
A review can be a cost-effective way to meet the requirements of third parties (such as lenders). By conducting a review, Marcum can provide limited assurance about a client's financial statements.
To do so, we utilize a variety of diagnostic tools, including analytic procedures, inquiries and general miscellaneous analyses of any items which may appear unusual and require explanation.