BHT&D Certified Public Accountants Blog

My Bank Requested A Reviewed Financial Statement. Why?

Posted by Daniel Crawford on Mon, Feb 16, 2015 @ 09:18 AM

Why is my bank requesting a Reviewed Financial Statement in place of the Compiled Financial Statement requested in the past?

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Tags: Compiled Financial Statement, Financial Statement, Reviewed Financial Statement, Audit, Small Business Accounting, Assurance

My Bank Requested A Compiled Financial Statement. Why?

Posted by Daniel Crawford on Mon, Feb 02, 2015 @ 09:00 AM

"Why would my bank request a "Compiled Financial Statement" versus my internally prepared QuickBooks reports?"  We are asked this question often by small business owners.

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Tags: Compiled Financial Statement, Financial Statement, Small Business Accounting, Assurance