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compilation and review

Compilation Procedures

  • Request financial statements from the client
  • Collect supporting documents such as invoices, receipts, and bank statements
  • Verify that all transactions are properly recorded in the financial statements
  • Check for any discrepancies or errors in the recorded transactions
  • Compare the bank statements with the company's records
  • Investigate and resolve any differences or discrepancies
  • Identify any necessary adjustments to ensure the accuracy of the financial statements
  • Make journal entries to reflect these adjustments
  • Examine the company's accounting policies and procedures
  • Ensure compliance with accounting standards and regulations

Review Procedures

Final Review

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