Review engagement is one of the key services offered by Accountor CPA in Florida. Our firm also provides compilation services, adhering to the highest professional standards, and strictly follows the guidance outlined in SSARS (Statements on Standards for Accounting and Review Services) issued by the AICPA. The following explains how Accountor CPA stands apart from the competition and adds measurable value to your business.
What Are Review Engagement Services?
A review engagement involves evaluating financial statements to determine whether they are free from material misstatements. These services are often required by lenders, private investors, and internal stakeholders seeking assurance on financial performance without requiring a full audit. At Accountor CPA, we provide review engagements in accordance with SSARS standards, using advanced software and experienced professionals to deliver timely, credible reports. Our analytical procedures and customized review frameworks are designed to provide the limited assurance your business needs—efficiently and effectively.
What Are Compilation Services?
Compilation services involve preparing financial statements based on information provided by management. Unlike audits or reviews, compilations offer no assurance on the accuracy of financial data. However, the 2021 update to SSARS No. 21, Section 70, outlines rigorous standards that must be followed—and Accountor CPA was quick to adopt these changes. While a compilation may not test internal controls or verify financial accuracy, we ensure your financial data is organized, formatted, and clearly presented for banks, investors, and tax filings. With Accountor CPA, every compilation receives the same attention to detail and precision that defines our entire practice.
What Sets Accountor CPA Apart?
Our approach to compilations and review engagements emphasizes thoroughness, clear communication, and actionable insights. We are proud to serve as a trusted advisor to Florida businesses by offering personalized service, deep technical knowledge, and an unwavering commitment to compliance. With every engagement, we strive to identify inconsistencies, improve financial transparency, and help you remain audit-ready. Our reporting is powered by top-tier accounting software, and our review team collaborates closely with clients to ensure expectations are exceeded and future issues are proactively addressed.
We understand that different businesses have different reporting needs. That’s why we offer flexible pricing based on engagement type, scope, and complexity. Our goal is to help you stay compliant without overburdening your budget—and we back every service with responsive support and tailored recommendations.
Our Review and Compilation Services Include:
- Accredited professionals to guide your review engagement from start to finish;
- A suite of analytical tools and methodologies to assess financial plausibility and uncover trends;
- Cost-effective compilation services that reflect a deep understanding of your business;
- Flexible pricing models based on service complexity and business size;
- Customized NTR (Notice to Reader) reports formatted for owners, banks, creditors, or tax filing purposes;
- Industry-specific review templates and checklists to ensure nothing is missed;
- Sample reports and engagement letters for transparency and consistency;
- Risk assessments and recommendations to enhance internal financial reporting practices;
- Skilled, U.S.-based CPAs who deliver services aligned with U.S. GAAP and SSARS guidelines.
Accountor CPA Follows U.S. SSARS Standards for Reviews and Compilations
SSARS Review Engagement Framework Includes:
- Understanding the entity and its environment, including its internal controls;
- Identifying areas susceptible to material misstatement or inconsistency;
- Applying analytical procedures and ratio analysis to assess reasonableness of balances;
- Performing inquiries and limited verification procedures to support findings;
- Preparing a review report that expresses limited assurance in accordance with SSARS Section 90;
- Using comparative period analysis to detect irregularities and anomalies.
SSARS Compilation Engagement Framework Includes:
- Obtaining knowledge of the business to accurately prepare financial statements;
- Disclosing the accountant’s role in the preparation without providing assurance;
- Ensuring financial statements are free from obvious errors or inconsistencies;
- Including all necessary disclosures or opting for management-requested omission with clear notes;
- Issuing a compilation report in accordance with SSARS Section 70.
Frequently Asked Questions (FAQs)
What is SSARS?
SSARS stands for Statements on Standards for Accounting and Review Services, issued by the AICPA. They guide accountants in performing review and compilation services in the United States.
What is the purpose of a review engagement?
To provide limited assurance that a company’s financial statements are free from material misstatement, without requiring a full audit.
What does a review engagement involve?
It involves inquiry, analytical procedures, and a detailed evaluation of financial data to assess whether the information appears reasonable.
Who needs a review engagement?
Private companies seeking loans, investments, or who want to provide internal shareholders with a credible financial snapshot often require review engagements.
What is a compilation?
A compilation is the preparation of financial statements based solely on data provided by the client, without assurance or testing of the data’s accuracy.
Do compilations meet GAAP standards?
They can be GAAP-compliant if requested, but management may also request frameworks like tax basis or cash basis depending on stakeholder needs.
Who performs these services?
Only licensed CPAs or public accounting firms qualified under U.S. regulations can perform and issue review or compilation reports.
How long does a review engagement take?
Typically between 1 to 3 weeks depending on data availability, responsiveness, and business complexity.
What makes Accountor CPA different?
We combine extensive technical knowledge, personalized client attention, and the latest accounting software to deliver high-quality, reliable reporting services.
How does Accountor CPA help my business grow?
By identifying weaknesses in financial reporting, improving documentation, and helping you stay lender- and investor-ready through every growth phase.
