Creditors, grantors, stockholders and other financial statement users often need assurance that financial statements represent the true financial position of your company. There are three levels of assurance services available depending on the level of risk tolerance and the needs of the financial statement users:
Audit Services
Review Services
Compilation Services
Which report should you use?
Each type of financial statement report may suit specific circumstances, depending on the requirements of the financial statement users. Understanding each level of assurance services' strengths and weaknesses can help you choose the appropriate one.
