Not only audited financial statements are used by the different external users. Often clients which are not required to audit its financial statements may need financial statements certified by a CPA for a variety of reasons. It doesn’t matter whether it is to obtain financing or comply with local agencies we provide Compilations and Review services. We also assist in the compilation of forecasted and/or projected financial statements.
Review Services
Limited Assurance with Meaningful Insight
A Review engagement provides limited assurance that your financial statements are free of material misstatement. Through analytical procedures and inquiries, we assess whether the financial information appears reasonable and consistent with your business operations. A Review is often the right fit for organizations that need more assurance than a Compilation but do not require the depth of an Audit.
Purpose and Uses of a Review
A Review helps stakeholders gain confidence in your financial statements without the cost or scope of a full audit. Reviews are commonly used to:
- Satisfy lender or investor requirements
- Provide owners and boards with a higher level of comfort
- Support internal decision‑making and financial planning
- Strengthen financial reporting without undergoing a full audit
Benefits Beyond the Report
While a Review does not include testing or verification, it often reveals opportunities to improve:
- Accounting processes
- Financial reporting accuracy
- Internal documentation
- Month‑end close procedures
You receive practical observations that help strengthen your financial operations.
A Team with Proven Experience
Our Review engagements are led by professionals with extensive experience across industries in Puerto Rico and the Caribbean. We combine technical knowledge with a practical understanding of business operations, ensuring your Review is both efficient and genuinely useful to management.
Compilation Services
Clear, Organized Financial Statements Without Assurance
A Compilation engagement assists management in presenting financial information in the form of financial statements, without providing any assurance. We take your accounting records and organize them into a clean, professional financial statement package that meets applicable reporting standards.
Purpose and Uses of a Compilation
Compilations are ideal for businesses that need formal financial statements but do not require assurance. They are commonly used for:
- Internal management purposes
- Preliminary financial discussions with lenders or investors
- Year‑end reporting for owners or boards
- Businesses in early stages of growth
Our role is to transform your data into a professional financial statement package.
Benefits Beyond Presentation
Even though no assurance is provided, our Compilation services often help clients:
- Improve organization of financial data
- Strengthen internal bookkeeping practices
- Identify gaps in documentation
- Prepare for future Reviews or Audits as the business grows
A Team with Proven Experience
Our team has extensive experience preparing financial statements for businesses of all sizes. We understand the unique needs of Puerto Rico‑based entities and provide clear, reliable financial presentations that support your operational and strategic goals.