Lindemeyer CPA is based in Louisville Kentucky and can handle all a wide variety of accounting, financial planning, and tax preparation needs. Lindemeyer is able to serve both personal and business needs.
One of the most basic services a CPA can provide for a business is that of compilation. Compilation services add credibility and enhance the reliability of a company’s financial statements. This process is less extensive than a review or audit engagement because fewer procedures are required. Compilations are generally requested by regulatory bodies, non-management owners, banks that provide loans, or organizations that transact business with another company. A CPA participates in the financial reporting process and provides business owners and managers with information to help businesses determine the future need for CPA assistance in the future.
A compilation involves:
Gaining a general understanding of your business, accounting principles used, and financial reporting system that is in place.
Presenting financial information in the accepted format of proper financial statements. The CPA expresses no assurance about the accuracy of the financial statements presented. The report attached to the financial statement emphasizes that the service is a compilation.
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