Compilation, Review or Audit: Which do You Need? - Landmark

Assurance refers to the degree of confidence lenders and investors have that your company’s financial statements are reliable and conform with a reporting framework such as the U.S. Generally Accepted Accounting Principles (GAAP). What assurance level should you request from your CPA? It depends on operational complexity, in-house expertise and stakeholders’ needs. See the chart below to compare.