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http://www.rlhcpa.com/reviewed-and-c...tatements.html
Financial statements are an important business tool for managing the present and planning for the future. In addition to auditing financial statements, we provide two other levels of service that are often appropriate for our clients: compilations and reviews. Lenders, bonding companies and grantors will often request that organizations provide them with these types of financial reports. Because the procedures are limited in nature and our focus is not gathering audit evidence and expressing an opinion, the cost is generally less than an audit. The following definitions describe these services.
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