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Attestation Services

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Audits, Reviews and Compilations – FBP CPA provides all three levels of assurance to meet your needs

There are three levels of attestation services a CPA may provide when evaluating your business’s internal financial statements.

  • Audits
  • Reviews
  • Compilations

Understanding the three substantially varying levels of service a CPA may provide will assist you in knowing which is best suited to your particular needs. FBP CPA has assisted business owners avoid the unnecessary expense of an audit or review when their bank/lender is frequently satisfied with a compilation of the internal financial data of the company.

FBP CPA, provides all three levels of assurance to meet your needs; as well as any stockholders, creditors and private investors by acutely representing your company’s true financial position.

At FBP CPA we strive to be an integral part of your management team. By keeping you better informed of your options and tax laws that affect you and your business, we remain poised to assist you as you work to successfully manage your business.


An audit is the highest level of assurance provided by FBP CPA.
Third parties relying on your financial statements often require an audit for assurance. In order to conduct an audit, we examine your company’s financial statements in accordance with generally accepted auditing standards. An audit requires us to examine internal controls and to complete substantial testing of the information underlying the financial statements. We then document our opinion as to whether the statements are fairly presented in conformity with generally accepted accounting principles.


An assessment of the company’s books and records. A review consists predominantly of an assessment of the company’s books and records by the performance of analytical tests, certain analytical procedures (such as the comparison to prior books and records), and calculation of certain financial tests and ratios. These procedures, by their very nature are intended to give reasonable assurance to an outside reviewer, rather than the detailed verification and reporting requirements required by an audit. Reviews are frequently requested by banks or insurance companies issuing performance bonds who want a higher degree of service/verification than a compilation, but not the full extent and cost of an audit.


The lowest level of attestation services FBP provides is a compilation.
Essentially, a compilation is when FBP simply compiles the books and records of a client without the performance of any substantive procedures, independent verification or confirmation of any of a clients balance. Thus, a compilation is solely the representation of a company’s management as no verification or procedures of account balances on the balance sheet or the profit and loss statement are required. Also, management has the option to also exclude from compiled statements all related footnotes.

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with Fates, Bodily & Parker,
Certified Public Accountants

FBP CPA is built upon a tradition of service, technical expertise, and innovative thinking to meet the needs of a rapidly changing world. The experience and academic credentials of our partners and staff provide our clients with the expertise of larger firms, while our commitment to superior customer service offers a personal, one-on-one approach.

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