AN AUDIT is examination of your company’s records and reports. This report provides the highest level assurance.
REVIEW SERVICE – Although a review is less extensive than an audit, review
procedures provides LIMITED assurance that the accountant did not become aware of any material changes that should be made to financial statements. Review includes inquiries and analytical procedures to provide this limited assurance.
COMPILATION SERVICE -The scope of a compilation does not give the CPA a bases to express any assurance since neither audit nor reviews procedures are performed.