Pelletier & Leo prepares financial statement compilations for businesses across the Los Angeles metro. We take your financial information and present it in a format that is consistent, organized, and ready to use. Our CPA team works with a variety of companies across Los Angeles and Southern California on compilations, including industries such as real estate, manufacturing, and newer businesses like start-ups. The Pelletier & Leo team also includes multiple CPAs who are bilingual in English, Chinese/Mandarin, Taiwanese, and Cantonese.
Unlike a financial statement review or audit, a compilation does not involve the CPA gathering evidence or expressing an assurance opinion on the statements. You provide your financial data and we create standard statements for your internal reporting or in some cases to provide to other parties who do not require assurance. Compilations are more common for smaller businesses and start-ups.
A compilation is the most cost-effective option for Los Angeles area companies who want financial reports without the added scope of larger engagements like an audit or financial statement review. Lenders like banks typically request for audits or financial statement reviews, while internal business stakeholders are more the audience for compilations.
If you are ready to discuss your business need for a financial statement compilation, contact Pelletier & Leo today. We will start by gathering information about your business to confirm details and answer any questions you have about the compilation process. From there you will be connected with a compilation engagement manager to gather the needed financial data and compile your financial reports.