audit

(cross posted from www.ulvog.wordpress.com)

I have discussed the differences between audits, reviews, and compilations here and here. Even developed a visual illustration here.  Ask any CPA and you can get a long explanation of the distinctions.

For something shorter, consult this article by Angus Loten in the Wall Street Journal, which said:

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One sentence explanation of the difference between audits and reviewsRead More »

Here is a visual picture that illustrates the different comfort levels someone can draw from financial statements that have been audited, reviewed, or compiled by a CPA. 

Here is a picture of assurance levels from reports issues by CPAs.

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Visual description of the difference between audits, reviews, and compilationsRead More »

This is an explanation of the visual picture I drew in the previous post.  I will try to explain the differences between audits, reviews, and compilations with a minimal amount of the technical words we CPAs usually bring to an issue.  …

What comfort level is there from an audit, review or compilation report?Read More »