AUDIT & ASSURANCE # Clear requirements. A considered next step. Discuss the financial reporting requirements of your Houston business, lender or stakeholders with our team. ## Start with the report you need. Audit, review and compilation engagements serve different purposes. Tell us what your lender, investors or other stakeholders have requested so we can discuss the scope and appropriate next steps. ### Financial statement audit An audit provides a high level of assurance and an auditor's opinion on financial statements under the applicable reporting framework. ### Financial statement review A review provides limited assurance and involves a different scope of work from an audit. ### Financial statement compilation A compilation assists in presenting financial information in statement form and does not provide assurance. Confirm the exact report, engagement scope and professional qualifications before work begins. [AICPA: audit, review and compilation differences ↗](https://www.aicpa-cima.com/professional-insights/video/what-is-the-difference-among-a-compilation-review-and-audit) ## Prepare for the conversation. - The lender or stakeholder's report request - Recent financial statements and bookkeeping records - Bank reconciliations and supporting schedules - The reporting period and required delivery date ## Discuss your reporting needs. Tell us about your business and the report requested. Our team can discuss the next steps, service scope and timing with you. [Request a free consultation ↗](https://soveeenterprises.com/contact.html)