A compilation is limited to presenting the financial data that is the representation of management in the form of financial statements, balance sheet, profit and loss statement, statement of cash flows, and footnotes. We read through the compiled financial statements to determine whether they are in the appropriate format and free from material errors. We also assist you by drafting the financial statements and the appropriate footnotes for your organization.
A review consists principally of inquiries of company personal and analytical procedures applied to financial data. In a review of a company's financial statements, we express limited assurance that there are no material modifications that should be made to the financial statements.