what is the difference between compiled and reviewed financial statements

What is the difference between compiled and reviewed financial statements?

By |2011-12-14T17:05:38+00:00December 14th, 2011|FAQ's|

Compilation (No Assurance Provided): SSARS No.19 (AR Section 60.05) defines a compilation as follows, A compilation is a service, the objective of which is to assist management in presenting financial information in the form of financial statements without undertaking to obtain or provide any assurance that there are no material modifications that should be made [...]