Audit Readiness, Reviews & Compilations
Prepare financial statements and supporting records for the reporting or assurance service your business needs.
Online service across all 50 states
What this service is
Banks, investors, landlords, and government agencies often ask for financial statements a CPA has examined. There are three levels: a compilation (the CPA presents your numbers in proper form with no assurance), a review (limited assurance based on analysis and inquiry), and an audit (an independent opinion backed by testing and confirmation). We help you identify which level the requesting party actually requires, prepare your books and schedules for it, and support review and compilation work, always confirming independence first, because the same firm generally cannot both keep your books and attest to them.
Forms & documents involved
What we actually do
Confirm the level required
Read the loan agreement, contract, or grant terms to see whether a compilation, review, or audit is needed.
Get the books audit-ready
Reconcile accounts, document key judgments, and prepare the schedules examiners request.
Prepare reviews and compilations
Support review and compilation engagements under AICPA standards where independence allows.
Diagnose internal controls
Assess approval, reconciliation, and access controls and recommend fixes before auditors arrive.
Coordinate with auditors and lenders
Manage request lists, timelines, and questions with the auditor and lender.
Support employee benefit plan audits
Prepare 401(k) records when a plan with 100 or more participants needs an audit for its Form 5500.
Prices by scope
Compare the work included at each price. Your final scope and fee are confirmed in writing before work begins.
For businesses that need CPA-prepared financial statements without assurance.
- Under $2M revenueAnnual statements, one entity$1,380
- $2M–$10M revenueComparative statements with notes$2,280
- Over $10M revenueOr several entitiesFrom $3,480
Limited assurance level, scoped by revenue and complexity after intake.
- Under $5M revenueOne entity, clean books$3,280
- $5M–$20M revenueInventory or revenue-recognition work$5,480
- Over $20M revenueOr combined statementsFrom $8,480
Preparation and coordination; the audit opinion itself is issued by your independent audit firm.
- First audit, smallUnder $10M revenue$4,680
- Mid-size$10M–$50M revenue or 2–3 entities$7,880
- LargeOver $50M revenue or group auditFrom $12,800
One-time review of close discipline, reconciliations, and approval workflows.
- Small teamUp to 10 staff$1,080
- Mid-size11–50 staff or several locations$1,980
Managing document requests and schedules during financing or a transaction.
- StandardUp to 30 document requests$560 per request cycle
- Extended30+ requests or quality-of-earnings support$1,180 per request cycle
Review and compilation engagements are performed directly. For a full financial statement audit, we prepare and coordinate readiness; the audit opinion is issued by an independent audit firm, and that firm's fee is separate from the figures above.
What You Get
Audit Readiness
Preparation work that strengthens books, schedules, documentation, and expectations before the formal assurance process begins.
Review and Compilation Support
Right-sized assurance pathways when external stakeholders need more than internal reporting but not necessarily a full audit.
Internal-Control Diagnostics
Observations around close discipline, reconciliations, approvals, and reporting quality that affect assurance outcomes.
Lender and Diligence Coordination
Support for requests, schedules, and communication when banks, buyers, or investors are relying on your numbers.
Employee Benefit Plan Support
Specialized assistance for regulated or plan-related assurance workflows where documentation standards are higher.
- Assurance readiness assessment
- A PBC (prepared-by-client) request list, organized by deadline so document gathering does not stall the timeline
- Document request and preparation roadmap
- Internal-control and close process observations, with a management letter of recommendations
- Stakeholder coordination checklist
When this service may fit
- A lender, investor, regulator, or buyer asked for a formal assurance level
- Your books are technically closed but not strong enough for outside diligence
- You need to know whether to pursue audit, review, or compilation before work expands unnecessarily
- You want readiness work before the formal assurance process starts pressuring the team
Often handled together
Clients who use this service often add these. Tick any to see the combined starting price.
How It Works
Requirement review: what your lender, investor, or counterparty actually requires, and at what assurance level
Clarify who will use the financial statements and what level of reporting or assurance that user requires.
Readiness diagnostic and gap mapping against that requirement
Assess the condition of the records and agree whether the work involves readiness, compilation, review, or coordination with an independent auditor.
PBC list issued and preparation support through document gathering
Prepare supporting schedules and resolve accounting questions, with procedures determined by the signed engagement.
Engagement execution, with a management letter and post-engagement improvement priorities
Deliver the agreed reporting or readiness package and explain open issues and future recordkeeping improvements.
Your Role
Management owns the records, accounting policies, internal controls, and financial statements, and provides complete support for the agreed procedures.
Service Scope
Compilation, review, readiness, and audit are different services with different assurance levels. An audit opinion requires a separately accepted independent audit engagement.
Start Audit Readiness, Reviews & Compilations online
Choose the closest scope and send your request online. We’ll confirm the final work and fee in writing before anything begins.
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