Discussion:Sending client information to a bank
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| Revision as of 21:35, 1 September 2009 Taocpa (Talk | contribs) (I thought so and) ← Previous diff |
Revision as of 22:02, 1 September 2009 Seaside CPA (Talk | contribs) (Accountants are) Next diff → |
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Revision as of 22:02, 1 September 2009
Discussion Forum Index --> Accounting Questions --> Sending client information to a bank
| 1 September 2009 | |
| Client asked a balance sheet and income statement be sent to a bank. It's being used to obtain a line of credit. Their will be no disclosures.
Would you attach a compilation report to it? Tom | |
| September 1, 2009 | |
| Yes, Tom, I think that really cries out for it. I was preparing a formal compilation report at year end for write up clients just for that reason, and I seem to recall doing a couple mid year ones. I'm pretty fast and loose about a lot of things, but not here. | |
| 1 September 2009 | |
| I thought so and was inclined to include the report. I was just bouncing it off the group if anyone had any feedback.
Anyone else, Natalie? Tom | |
Seaside CPA (talk|edits) said: | 1 September 2009 |
| Accountants are required to, at a minimum, "compile" financial statements that have been submitted to others (attach report). See SSARS No. 1. | |
