Our report on reviewed statements will state that "a review consists principally of inquiries of Company personnel and analytical procedures applied to financial data." It will go on to report that "we are not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in conformity with generally accepted accounting principles." In most circumstances, however, bankers and other sophisticated users of financial statements are familiar with the professional standards under which we operate, and they know what scope of services will satisfy their requirements.

According to our clients’ needs, either compilations or reviews may be performed on an interim basis as well as at year end. Many of our clients do not have financial executives on their staffs. As such, our work in this area will often include assistance in the development of adjusting journal entries and in closing the books. We often work with our client’s bookkeepers to help them with accounting questions, procedures, and other matters. We can adapt our services to be responsive to the client’s needs. Our involvement in this process is invaluable in improving our understanding of the client’s business and in supporting the ongoing tax planning process.