Financial Statements

Why Do I Need Financial Statements?

Anyone owning a business needs to know and evaluate, not only where the money went, but where it is now. A company's financial statements provides various financial information that investors and creditors use to evaluate a company's financial performance. Different financial statements focus on different areas of financial performances.

At Hall CPA Group, we prepare compilations and review statements to meet the needs of investors and creditors as well as other interested third parties.

The difference between a compilation and a review statement is that the compilation statement is the representation of management and expresses no assurance in the accuracy of the statements, while the review statement requires additional analytical procedures and inquiries of management to provide a limited level of assurance.

Our firm takes a pro-active approach in helping our clients understand their financial statements to better prepare for the future.

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