Getting Help with Your Statements & Accounting
When assurance needs are limited, clients look to BKD for compilation or preparation services, rather than a review or an audit. In both services, BKD helps management prepare a financial statement, and in neither service is any assurance or opinion provided.
What is a compilation? A compilation involves BKD assisting management in preparing financial statements by applying our accounting and financial reporting expertise, while providing a report on that effort that excludes any assurance on these financial statements.
What is a preparation? A preparation excludes any compilation report and is effectively simply the clerical outsourcing of financial statement drafting, resulting in the financial statements, which include a disclaimer that no assurance is provided.