Audit, Review & Compilation

Audit, review and compilation represent the triad of financial examination and reporting. Depending on the basis or need for the examination, typically when a borrower is applying for financing, will determine which is performed. AbitOs regularly works with domestic and especially international clients in conducting each of these, based on the application.

Compilation (an unverified review and presentation of financial statements based solely on client representations, as in a review of bank statements), Review (a deeper, more thorough review of information to ascertain its veracity) and Audit (a confirmed and signed presentation of client financial reporting) are commonly performed. AbitOs regularly conducts compilations for international companies reporting foreign assets as per international tax reporting requirements, especially for Brazilian business interests.

The firm also performed hundreds of Compilations for clients hoping to qualify for various Small Business Administration pandemic-related lending programs.