Business Services
Reliable Compilation and Review Services for Your Business
When creditors, investors, shareholders, or lenders need financial statements, Heaven & Alvarez LLC helps you present your financial information clearly and professionally.
- CPA-prepared financial statements
- Limited assurance review option
- Lender and investor ready
Overview
CPA-Prepared Financial Statements You Can Rely On
As a business owner, you may need financial statements for creditors, investors, shareholders, lenders, or internal decision-making. These users want to understand your company’s financial position and evaluate the accuracy and reliability of your financial information.
Heaven & Alvarez LLC provides compilation and review services to help businesses meet reporting needs with professional CPA support.
Understanding the Difference
Compilation or Review: Which One Does Your Business Need?
There are two types of CPA-prepared financial statement services we offer.
01
01Compilations
02
02Reviews
What We Do for You
- Prepare compiled financial statements
- Provide review services with limited assurance
- Help determine the right level of service
- Review accounting policies and procedures
- Discuss business operations and financial statements
- Prepare reports for management or third-party use
- Support lender, investor, creditor, or shareholder requirements
- Help you better understand your company’s financial position
Who This Service is For
- Businesses applying for financing
- Companies reporting to investors or shareholders
- Organizations working with creditors or lenders
- Owners who need CPA-prepared financial statements
- Businesses that want stronger financial reporting
- Companies deciding between a compilation and a review
How it works
What working with us looks like
A clear, step-by-step process so you always know what happens next.
Understand Requirements
We learn who will use your statements and what level of service they request.
Recommend a Level
We help you decide whether a compilation or a review fits your needs.
Prepare and Inquire
We prepare the statements and, for reviews, perform inquiries and analysis.
Deliver Your Report
You receive your financial statements and report for management or third parties.
FAQ
Common questions about Compilations & Reviews
What is the difference between a compilation and a review?
A compilation is the first level of CPA financial statement service: the statements are prepared for management or third-party use without verifying the numbers. A review goes further and provides limited assurance. During a review, the CPA asks questions about accounting policies, procedures, and operations and performs analysis before issuing a review report.
Is a review the same as an audit?
No. A review is more involved than a compilation but less comprehensive than an audit, and it provides limited rather than full assurance. The right service depends on what your lender, investors, or other users require.
Why would a bank or investor ask for CPA-prepared financial statements?
Lenders, investors, creditors, and shareholders want to understand your company's financial position and how reliable the information is. CPA-prepared statements present your numbers clearly and professionally, which can support financing and reporting requirements.
How do I know which service my business needs?
Start by asking the lender or other party what level of assurance they require. If you are still unsure, contact Heaven & Alvarez LLC and our team will walk you through your options and help you choose.
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Learn moreNot Sure Which Level of Assurance You Need?
Whether your business needs a compilation or a review, our experienced team of CPAs, accountants, and tax professionals is here to help. We can walk you through your options and help you determine which service fits your reporting needs.