ACCOUNTING AND REVIEW SERVICES Definition

Bookmark and Share

ACCOUNTING AND REVIEW SERVICES are governed by official pronouncements covering compilation and review engagements. Compilation is presenting in the form of financial statements information that is the representation of management (owners) without expressing assurance. Review is inquiry and analytical procedures to provide the accountant a basis for expressing limited assurance that there are no material modifications that should be made to the statements for them to be in conformity with U.S. generally accepted accounting principles.

Learn new Accounting Terms

REPORTING PERIOD see ACCOUNTING PERIOD.

THEORY OF CONSTRAINTS is a management approach that focuses on identifying and relaxing the constraints that limit an organizations ability to reach a higher level of goal attainment.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.