What level of assurance suites your needs?
Audit or highest Level of Assurance if:
- You are a public company or you see a public offering in the future
- You accept funding from federal or state government
- You expect exceptionally high business loan, but a bank sees you at high risk
Review or moderate level of assurance if:
- You own a small business and planning on obtaining a business loan
- You’re trying to attract new investors/buyers for your small business
Compilation – lowest level of assurance if:
- Your business very simple and straightforward
- Your bank requires a lending covenant as a condition of doing a loan
- You need help translating from cash to accrual
