Review & Compilation Services

Compilation Services

By definition, a compilation is the presentation of financial statement data without the accountant's assurance as to conformity with Generally Accepted Accounting Principles (GAAP). A compilation is a financial statement that presents information that is the representation of an organization's management (owners) without undertaking to express assurance on the financial statements. We will acquire a general understanding of your bookkeeping methods and compile the reports in a presentation format according to your needs.

Review Services

By definition, a review is an engagement where an accountant expresses "limited assurance" (but not an opinion) about financial statements, based on analytical procedures and inquiries of entity management to obtain a reasonable basis for the limited assurance. In a review engagement, we inquire of company personnel and perform analytical procedures to financial data to gain limited assurance as to the validity of the financial statements. The financial statements under which we report in a review will have attributes similar to audited financial statements, such as full footnote disclosure, presentation in accordance with generally accepted accounting principles (GAAP) or another comprehensive basis of accounting, and additional information, if necessary.

Heying Tax & Financial Services understands that, as a practical matter, business owners often focus on the day to day issues that affect their business which can take precedence over attention to accounting issues. We also understand that it is as important for our clients to work on their business as it is for them to work in their business. With this in mind, Heying Tax & Financial Services helps our clients reach prudent business decisions based on a combination of sound accounting practices, industry benchmarks and current information regarding new trends and challenges.

We offer free initial consultation for business owners and individuals alike for review and compilation questions. Call (712) 580-3202 and ask for Jake or Alana regarding our services and how we can help you!