W R HOWELL, CPA is committed to offering high quality assurance services to our clients. We work closely with our clients to help them understand the process and everything that is expected of them from an assurance perspective. We are a member of the AICPA Peer Review program.
A review provides limited assurance and is substantially less in scope than an audit. It involves basically inquiries of company personnel and analytical procedures. Professional standards require us to perform procedures to obtain limited assurance that there are no material modifications that should be made to the financial statements.
A compilation provides no level of assurance, even though it falls under the definition of assurance by the accounting standards. A compilation involves assisting management in presenting financial information in the form of financial statements.