Here are four ways that CPAs can issue financial statements. Companies can issue their financial statements, but smaller companies often ask their CPA firm to create them. These financial statements are considered a nonattest service and are usually made in conjunction with other services provided by the CPA firm (such as an audit). I show how public accounting firms can issue financial statements in this video.

0:00 Introduction
1:00 Audits
1:26 Review Engagement
2:38 Compilation Engagement
3:40 Preparation Engagement
4:51 Four options summary
6:15 Audit and Review - full disclosure
6:37 Compilation and Preparation - can omit disclosures

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