Through financial compilation services, Cindy Bombard, CPA prepares monthly, quarterly, or annual financial compilation reports based on information we receive from our clients. Our firm becomes familiar with the accounting principles and practices common to the client’s industry and acquires a general understanding of the client’s transactions and how they are recorded. After compiling the financial statements, our accountants will read them and consider whether they are appropriate in form and free from obvious material errors.
Cindy Bombard, CPA then issues standard financial compilation reports that say, in effect, that the financial statements were compiled, but because they were not audited or reviewed, no opinion is expressed.