A simple guide explaining when lenders or stakeholders require a CPA review—and when a compilation may be enough. This article explains when lenders, boards, investors, and regulators require a CPA review engagement—and when a review is unnecessary. Written in clear, practical language, it covers what CPAs test, how a review differs from an audit or compilation, typical costs, timelines, and how to prepare.

This article explains when a small business or nonprofit actually needs an audit, who requires it (banks, regulators, grantors), what CPAs look for, typical timelines, fees, and common mistakes to avoid. Written in simple language by a licensed CPA firm, it helps leaders understand whether they need an audit—or if a review or compilation may be sufficient.