Reviews & Compilations

Not every organization requires an audit. We recognize that, in many cases, depending on the needs of your financial statement users (such as owners, investors, or lenders), a review or compilation report will suffice.

With Moss Adams you’ll get the level of personal service and partner attention you’d expect. You’ll also benefit from the greater level of resources Moss Adams can provide if and when you need them: From insight into opportunities to strengthen your internal controls to state, local and international tax expertise and from valuations to business owner succession solutions, we can scale our services to fit your needs as they emerge.

Our approach involves first understanding your business and the needs of its financial statement users, then working with you to determine the optimal level of financial reporting.

Review of Financial Statements

A review consists principally of inquiries of company personnel and analytical procedures applied to financial data. Its scope is significantly less than that of an audit, and it does not provide a basis for the expression of an opinion on an organization’s financial statement. Rather, a review provides limited assurance that no material modifications should be made to the financial statements to bring them into conformity with their applicable financial reporting framework. Yet the smaller scope doesn’t mean a reduction in quality.

Unlike in an audit, formal written communications to management are generally issued only if specific conditions are encountered or upon request. However, in the course of our review, we’ll be alert for opportunities and make recommendations where we see potential for improvements in your operational, financial, or internal controls.

Moss Adams has a strong track record of providing valuable insights to management about their business and opportunities to increase efficiency and reduce risk.

Compilation of Financial Statements

A compilation differs significantly from and is substantially less in scope than a review or an audit of an organization’s financial statements. The objective of a compilation is to present, in the form of financial statements, information that is the representation of management without the expression of an opinion or any assurance that there are no material modifications that should be made to those financial statements for them to be in conformity with the applicable financial reporting framework. Accordingly, a compilation requires significantly fewer procedures than either an audit or a review.

Beyond fulfilling the responsibility described above, we can assist in other areas based on your needs, as requested by you.


Lease Accounting Guide

New guidelines from the Financial Accounting Standards Board (FASB) require lessees to recognize most leases on their balance sheet through a right-of-use (ROU) asset and corresponding lease liability. This report gives details and examples to help you implement the new guidance, identify leases, distinguish operating leases from finance leases, and more.

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