Lefstein-Suchoff CPA & Associates, LLC 

Compilations, Reviews & Audits


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Our CPA firm can help provide you with engagements often required by: governments, licensing authorities, banks, financial institutions, investors, other third parties or management.  Contact us for a free consultation to discuss your accounting engagement needs.

I. What is a Compilation?

A Compilation is limited to presenting in the form of financial statements, information that is the representation of management.  The financial statements are not reviewed or audited, and therefore our CPA firm does not express an opinion or other form of assurance on them.

II. What is a Review?

A Review is in accordance with Staments on Standards for Accounting and Review Standards issued by the AICPA.  A Review consists principally of inquiries and analytical procecdures applied to financial data.  Although no opinion on the financial statements are expressed, our CPA firm will make aware any material modifications that should be made to the financials to make them in conformity with Generally Accepted Accounting Principles.

III. What is an Audit?

An audit is substantially more in scope than a review in accordance with generally accepted auditing standards.  The objective of an Audit is the expression of an opinion on the financial statements as a whole, as to whether they are presently fairly in accordance with these standards.

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  Main Office & Mailing Address: 15-07 Alden Terrace, Fair Lawn, NJ 07410   

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