Accepting New Compilation & Review Clients
Financial Statements That Open Doors
Banks, investors, and partners need financial statements they can trust before they say yes. G&S Accountancy prepares compiled and reviewed financial statements that meet professional standards and give decision-makers the confidence to move forward with your business.
15+
Years CPA
Experience
5+
Industries
Served
3
Entity Types
Simultaneously
2
Dedicated
Professionals
Which Service Do You Need?
Common Scenarios That Call for Compiled or Reviewed Financial Statements
Year-End Financial Picture
You want professionally formatted financial statements for internal planning without the cost of an audit.
Managing Multiple Entities
Each entity in your portfolio needs its own set of financial statements for internal tracking, lender requirements, or partner reporting.
Bringing on a Partner or Investor
A prospective partner or investor wants to see where the business stands financially before committing capital.
Meeting a Contract Requirement
Some government contracts, franchise agreements, or licensing bodies require financial statements prepared by an independent CPA.
Applying for a Business Loan
Your lender wants financial statements prepared by a CPA before they approve funding. Most banks accept reviewed financials for loans above a certain threshold.
Side-by-Side Comparison
Compilation vs. Review vs. Audit
Understanding the differences helps you choose the right level of service for your situation.
Included Features
Compilation
No Assurance
Review
Limited Assurance
Audit
Reasonable Assurance
Level of Assurance
None
Limited
Reasonable (Highest)
What the CPA Does
Presents data in standard format
Analytical procedures & management inquiries
Full testing, confirmations & verification
Best For
Internal use, partner reporting
Bank loans, investors, SBA lending
Public companies, large nonprofits
Accepted By
Internal stakeholders, some lenders
Most banks, SBA, investors, bonding companies
SEC, government agencies, grantors
Timeline
1 - 3 weeks
3 - 6 weeks
6 - 12 weeks
Typical Cost
$1,500 - $5,000
$3,500 - $10,000+
$10,000 - $50,000+
G&S Offers?
The G&S Advantage
From Bookkeeping to Tax Returns One Firm Handles Everything
Bookkeeping & Transaction Management
We maintain your books year-round - categorizing transactions, reconciling accounts, and keeping your general ledger clean and current.
Year-End Close & Adjustments
We prepare all year-end adjusting entries - accruals, depreciation, reclassifications - so your books are ready for financial statement preparation.
Compilation or Review Engagement
Clean, closed books flow directly into the compilation or review. No handoff delays, no reconciliation surprises, no lost context.
Tax Preparation & Filing
The completed financial statements flow directly into your tax return preparation. Same team, same data, same numbers from start to finish.
Compilation Engagements
Professionally Formatted Financial Statements - Ready When You Need Them
A compilation is a CPA-prepared set of financial statements - balance sheet, income statement, and any required notes - presented in standard format based on your financial data. No assurance is expressed, but the statements carry the credibility of professional preparation.
Standard-Format Statements
Your financial data presented in the format that banks, partners, and stakeholders expect - balance sheet, income statement, statement of cash flows, and notes to the financial statements, all prepared under SSARS standards.
Faster Turnaround, Lower Cost
Because a compilation does not involve analytical procedures or management inquiries, the engagement is typically completed in one to three weeks at a lower cost than a review - making it the right choice when full assurance is not required.
Multi-Entity Capability
We coordinate compiled financial statements across multiple related entities on a single timeline - consistent formatting, consistent accounting treatment, and a single point of contact for the entire portfolio.
Your Engagement Team
Experienced Professionals Handling Your Financial Statements
AJ Singh, CPA, EA
Principal
CPA - California | Enrolled Agent | AICPA Member | 15+ Years
AJ provides strategic oversight for every compilation and review engagement. With over 15 years of experience and dual CPA/EA credentials, he brings a perspective that connects your financial statements to the bigger picture - tax planning, business strategy, and long-term financial health. His full-service philosophy means the person reviewing your financial statements understands your entire financial situation.
Pooja Gupta
Compilation & Review Specialist
Financial Statements | Multi-Entity | SSARS Standards
Pooja is the dedicated specialist who manages the day-to-day execution of compilation and review engagements. She coordinates multi-entity compilations, ensures SSARS compliance at every step, and serves as your direct point of contact throughout the engagement. Her attention to detail and consistent communication keep every engagement on track and on schedule.
Industries We Serve
Compilation & Review Experience Across Key Sectors
Transportation
Fleet financing, DOT compliance reporting, owner-operator structures.
Energy
Project financing, investor reporting, multi-entity structures.
Real Estate & Construction
Multi-entity compilations, partnership reporting, lender packages.
Food Service
SBA loans, franchise reporting, restaurant group financials.
General Business
Standard lending packages, annual compliance, internal reporting.
Frequently Asked Questions
What Business Owners Ask Us About Compilations and Reviews
A compilation presents financial information in standard format without assurance. A review provides limited assurance through analytical procedures and inquiries. An audit provides reasonable assurance through extensive testing.
Be Prepared
What to Have Ready for Your Compilation or Review
For Compilations
Standard documents needed to begin a compilation engagement
- Year-end trial balance from your accounting software
- Bank statements for all accounts (December or fiscal year-end)
- Loan statements showing principal balances
- Depreciation schedules for fixed assets
- Accounts receivable and accounts payable aging reports
- Inventory records (if applicable)
- Prior-year financial statements (if available)
For Reviews
Everything above, plus additional items required for review procedures
- All items from the compilation checklist
- Signed management representation letter
- Revenue contracts or significant agreements
- Insurance policies summary
- Lease agreements (operating and financing)
- Details on any related-party transactions
- Information on any pending or threatened litigation
- Minutes from board or partner meetings (if applicable)
- Budget or forecast for the current period
- Details on any subsequent events after year-end
Get Started
Let Us Prepare the Financial Statements Your Business Needs
Whether you need compiled financials for internal reporting or reviewed statements for your bank, we will help you determine the right service and deliver it on your timeline.
Request a Consultation
Tell us about your situation and we will get back to you within one business day.