There are two categories of financial statements that companies can release: compiled and certified statements. Below are the differences between them. A certified financial statement has been ...

Disclosures in OCBOA financial statements should parallel those in GAAP-basis statements or communicate the same information. The same disclosure requirements apply in compiled and reviewed OCBOAs ...

Audits are the highest form of assurance offered by accountants, while compilations are the most basic financial statement assurance service. Compiled financial statements provide business owners ...

Tax returns and compiled financial statements give a financial breakdown of a business for investors, lenders and shareholders. Despite containing similar information, these two methods of ...

The clarified and revised standards for compilations and engagements to prepare financial statements create a bright line between accounting (preparation) services and reporting (compilation) services ...