Reviews & Compilations
Financial Transparencyfor Mission-Driven Organizations
Reliable Financial ReportingWithout the Cost of an Audit
Financial Statement Review
A financial statement review provides limited assurance on your financials without the extensive testing required in an audit. Our team conducts in-depth analytical procedures and inquiries to ensure your statements are free of material misstatements and meet compliance requirements.
- Identifies inconsistencies and potential risks
- Provides limited assurance to donors, funders, and regulatory bodies
- Helps with strategic planning and financial decision-making
- Ensures compliance with GAAP or other reporting frameworks
Key Features of a Financial Statement Review
- Analytical procedures to identify trends and discrepancies
- Review of accounting policies and financial procedures
- Limited assurance for external stakeholders and funders
- Compliance with GAAP or other nonprofit reporting standards
Financial Statement Compilation
A compilation is ideal for organizations that don’t require assurance services but need professional, structured financial statements for management, board reporting, or grant applications.
- Organized, GAAP-compliant financial statements
- No in-depth testing or assurance
- Efficient and cost-effective solution for nonprofits
- Helps with internal decision-making and financial planning
Why Reviews & Compilations Matter for Nonprofits
- Cost-Effective Compliance – A practical alternative to audits, meeting financial reporting needs without excessive costs.
- Stakeholder Confidence – Clear, reliable financial statements foster trust among donors, funders, grant providers, and board members.
- Regulatory & Grant Compliance – Ensures financial transparency while fulfilling reporting obligations.
- Informed Decision-Making – Well-prepared financial statements support strategic planning, budgeting, and resource allocation.
Partner with NCheng for Trusted Financial Reporting
At NCheng LLP, we specialize in nonprofit financial management, helping organizations maintain clarity, compliance, and credibility through tailored financial reporting solutions. Whether your organization needs a review, compilation, or guidance on financial reporting best practices, our experts are here to help.
Need a review or compilation service? Let’s discuss how we can support your organization’s financial reporting needs. Contact us today.
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