In accordance with the Accounting and Review Services Committee of the AICPA, Berman Hopkins performs compilations of financial information. In a compilation engagement, we will present the information obtained from management in the proper financial reporting framework. However, we will express no assurance as to the accuracy of the information.
As part of our compilation services, we will:
- Obtain an understanding of the client and their related industry(ies)
- Compile the information provided into financial statements
- Make inquiries of management and other related parties as necessary
- Make management aware of any fraud or illegal acts that we become aware of during the course of our compilation engagement
- Review financial statements to ensure compliance with the appropriate reporting framework