Compiled Financial Statements

BeachFleischman CPAs provides compiled financial statement services to businesses throughout Phoenix and Tucson Arizona. A compilation report is the most basic type of report that a certified public accounting firm issues on financial statements in accordance with the Statements on Standards for Accounting and Review Services (SSARS). We work with a company’s management to present your financial information in a manner that conveys to the users of your financial statements the key aspects of your company.

What are compilations?

In a compilation engagement, we will assist your company in presenting your financial position and results of operations in the form of a financial statement. The information presented is based entirely on the representation of management. The information is not audited or reviewed and accordingly no assurance is provided that the information is in accordance with the applicable financial reporting framework or free from material misstatement.

Compiled financial statements are often prepared when a third party, such as a bonding agent, investor or bank, requires a company to provide their financial information in the form of a financial statement. Compiled financial statements are less costly than reviewed or audited financial statements.

Auditors with a 360° service philosophy

While the compiled financial statement is a major element of our work for you, it is by no means the full measure of our service. As an audit firm, we recognize that you expect and deserve far more than a report summarizing your financial status. We see as a key element in our contract with you our promise to be “more than auditors.” As part of our engagement, we take a “proactive” 360° view of your organization and identify any opportunities.  We’ll communicate opportunities and offer insight. We realize that each organization is different in characteristics, personality, and operating structure. We approach each engagement with this understanding; this can mean the difference between average and exceptional service.

Some of the considerations we take into account when we serve your organization are:

  • Strategy
  • Growth opportunities
  • Industry insight
  • Risk
  • Compliance
  • Governance
  • Accountability

If you are interested in learning more about how our professionals can assist you, please contact us by filling out the submission form below.

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