Financial Statement Reviews & Compilations

Hahn CPAs provides professional financial statement preparation in Boise and Eagle, offering both compilation and review services to give businesses reliable reports. Whether you need statements for a bank, investors, or internal decision-making, our CPA team delivers financials that enhance your credibility.

Compilation Services

Compilations involve taking your existing accounting data and presenting it in the form of formal financial statements. We prepare balance sheets, income statements, and other reports along with a CPA compilation report, which shows third parties your numbers have been professionally compiled. These compiled financial statements in Idaho are often sufficient for lenders or business partners that don’t require assurance.

Review Services

Reviews provide a step above compilations by applying analytical procedures and inquiries to verify the reasonableness of your numbers. While not as in-depth as an audit, a financial statement review in Boise offers limited assurance and is commonly requested by banks and investors. Our review reports give stakeholders confidence without the cost of a full audit.

Who Needs These Services

Many Idaho businesses benefit from CPA-prepared financial statements, even without an audit requirement. Common reasons include applying for a bank loan, securing investment, fulfilling grant requirements for non-profits, or meeting the terms of shareholder agreements. A CPA compilation report in Eagle or review ensures you have the level of reporting your situation demands.

Our Process

For a compilation, we take your bookkeeping records, adjust entries as needed, and format financials according to GAAP or cash basis requirements. For reviews, we compare financial periods, perform ratio analysis, and discuss any anomalies with management before issuing our report. If cleanup is needed beforehand, our bookkeeping cleanup services ensure accuracy before compiling or reviewing statements.