Wednesday
Jul122006
Audits, reviews and compilations
Wednesday, July 12, 2006 at 12:08AM
Think you need an audit? Most small businesses really don't. There's a misconception that 'audited' financial statements are frequently required when the reality is that most of the financial statements provided to banks, insurance companies and creditors are compilations or reviews. Find out what these terms mean and how the differ from one another.
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