Compilation Report Needed?

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  • #195280
    Anonymous
    Inactive

    Hey guys! I was just licensed a week ago. At my job, I prepare the financials for 50+ clients. Now that I have my CPA, I know that I cannot have my name connected with any financials without a disclaimer. Can I just watermark them with “unaudited” or do I need a compilation report as well? I thought I remembered from AUD that I had to include a compilation report any time my name is associated with financials, but my newly hired CPA coworkers from a similar company say they always just watermarked it.

    My name will not be on the financials, but I do prepare them and I send some clients copies.

    Thank you!

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  • #677190
    trish_1234
    Member

    now we are allowed to just prepare financial statements without issuing a report or signing anything.. check out the updates for details

    AUD 69, 92 7/15 Gleim and Ninja test bank
    FAR sometime in 10/15 Gleim
    BEC not taken
    REG not taken

    #677191
    Anonymous
    Inactive

    Great, thank you, Trish! It's a shame my Gleim AUD just expired but I'll see what i an find regarding the updates.

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