Audits, Reviews and Complilations

Michael P. Mullen, CPA, PLLC’s financial statement services comprise all three levels of assurance depending on your company’s needs.

  • Audits offer the highest level of assurance to third parties, and include in-depth examination and confirmation of account balances, inventories, and selected transactions.
  • Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis.
  • Compilations are usually requested for internal purposes and are based upon information provided by a company’s management. They do not offer assurance but may involve some adjustment to accounting records.