{"id":100,"date":"2022-07-01T02:11:50","date_gmt":"2022-07-01T02:11:50","guid":{"rendered":"https:\/\/sungpakcpa.com\/?page_id=100"},"modified":"2022-07-01T02:11:50","modified_gmt":"2022-07-01T02:11:50","slug":"compilation-lowest-level-of-assurance","status":"publish","type":"page","link":"https:\/\/sungpakcpa.com\/?page_id=100","title":{"rendered":"Compilation                                               &#8211; Lowest Level of Assurance"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">In compiling financial statements for a client, we present information that is the &#8220;representation of management&#8221; and expresses no opinion or assurance on the statements. Compilations don&#8217;t require inquiries of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general understanding of your business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Banks often require compilations from an independent CPA as part of their lending covenants.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Which Report Should You Use?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Each type of financial statement report may suit specific circumstances, depending on requirements from your client&#8217;s bank or other parties, as well as meet budgetary needs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Understanding each report&#8217;s unique strengths and weaknesses can help you choose the most appropriate one. Please call if you have questions about which type of report is right for you.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In compiling financial statements for a client, we present information that is the &#8220;representation of management&#8221; and expresses no opinion or assurance on the statements. Compilations don&#8217;t require inquiries of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general understanding of your business. Banks often require compilations from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":94,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"class_list":["post-100","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/sungpakcpa.com\/index.php?rest_route=\/wp\/v2\/pages\/100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sungpakcpa.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sungpakcpa.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sungpakcpa.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sungpakcpa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=100"}],"version-history":[{"count":1,"href":"https:\/\/sungpakcpa.com\/index.php?rest_route=\/wp\/v2\/pages\/100\/revisions"}],"predecessor-version":[{"id":101,"href":"https:\/\/sungpakcpa.com\/index.php?rest_route=\/wp\/v2\/pages\/100\/revisions\/101"}],"up":[{"embeddable":true,"href":"https:\/\/sungpakcpa.com\/index.php?rest_route=\/wp\/v2\/pages\/94"}],"wp:attachment":[{"href":"https:\/\/sungpakcpa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}