Determining the type of financial statement includes determining the quality of the financial statement.
Company prepared financial statements include the use of QuickBooks®, which is considered to be a state of the art, top notch software amongst the CPA community, but some commercial lenders feel the opposite. However, it’s not the software they should be concerned about; it’s the person that is preparing the statements that are a bigger concern. In this video our speaker, David L. Osburn, M.B.A., CCRA, reviews the levels of financial statements reporting including company prepared, compiled, reviewed and audit.
Runtime: 5 minutes
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