A Notice to Reader, or Compilation engagement, is the base level engagement provided by an accountant, unlike a Review or Audit, no assurance nor opinion is provided on the presentation of the financial statements.
The financial statement review engagement letter is designed to spell out the who, what and how of the review. It generally contains five parts: the introduction, the CPA responsibilities, the company responsibilities, the report and other matters. Like any contact it is a binding legal agreement if properly prepared.
Standards on Review Engagements establish requirements and provide application and other explanatory material on the responsibilities of an auditor, or assurance practitioner, when engaged to undertake a review engagement and on the form and content of the auditor's, or assurance practitioner's, review report.
Types of Review Engagements Financial statement reviews: limited assurance to ensure your financial statements do not represent misstatements. Internal control reviews: limited assurance to review the effectiveness of your internal controls.
A review engagement is a type of engagement that provides a limited level of assurance that a company's financial statements comply with the applicable financial reporting framework. It gives users limited assurance on the accuracy or correctness of financial statements.
Audits involve extensive testing and verification, while reviews focus on limited analytical procedures and inquiries. Review engagements can be sufficient where there is a high level of confidence in the existing financial statements.
Fictitious Business Name (FBN)
A party opposing a summary judgment motion must, within 28 days after the movant serves the motion, file and serve a response brief and any evidence (that is not already in the record) that the party relies on to oppose the motion.
Section 402 - Location specified by local rule of superior court (a) Except as otherwise provided by law: (1) A superior court may specify by local rule the locations where certain types of actions or proceedings are to be filed.
Anyone that names a business that does not include their name or the names of the business owners needs to file for an FBN in California. Sole proprietors, partnerships, limited partnerships, LLCs, or corporations can all require an FBN to be filed with the clerk of the county where they want to do business.