Audit, review, compilation, and agreed-upon-procedures services
There are three levels of financial statement assurance services that CPA’s perform. The highest level of service is a financial statement audit in which the CPA offers an opinion on the financial statements.
The second level of service is a financial statement review, which offers limited assurance as to the accuracy of the financial statements.
A compilation is the lowest level of service and offers no assurance as to the accuracy of the financial statements.
Additionally CPA’s can perform agreed-upon-procedures services, which are customized assurance services that could be financial or non-financial in nature.
Preston Smith, PLLC performs all levels of assurance services.