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By choosing McLan Accounting Services for your financial statement services, you are guaranteed experienced professionals who provide thorough analysis and research. Accounting is an important aspect for every company, so it is vital to choose an accounting firm with the expertise to provide stellar services. There are three different levels of financial statement service offered at McLan Accounting Services LLC, including audits, reviews, and compilation.
Each financial service option provides you with a different level of assurance regarding your company’s financial account. For instance, an audit of your company’s finances requires a closer analysis of financial statements and accounts but provides third parties with the most assurance regarding your account. If you are not sure which financial statement service would be best for you and your company, you can read more about each option below.
An audit is the best way to assure yourself and third parties of the status of your company’s financial situation. Auditing involves an examination and confirmation of your company’s account balances, inventories, and selected transactions. When considering a review of your company’s finances, it is important to consider the fact that outside interests may not receive much reassurance from reviews. Compilation is a financial statement service used for internal purposes, and are completed based on information provided by company management. it is important to keep in mind that compilations do not offer assurances for yourself or third parties.