TBC Information Network

Teal, Becker & Chiaramonte offering valuable insights, impressions and commentary on today's financial and business world.

Compilations of Financial Statements

A compilation is the preparation of financial statements from data provided by a client without any assurance from an accountant. Although compiled financial statements – unlike an audit or review – offer no assurance by a CPA, the presentation of the data in financial statement format provides valuable insight for a business owner in making management decisions.