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Tuesday, November 26, 2019 11:48:58 AM
Compilation accounting takes your word for the accuracy of the information, but the auditor has to dig deeper. An audited balance sheet means, for example, the auditor has double-checked the information. If you report million in inventory as an asset, the auditor may inspect the inventory or all items over a certain value, to confirm its existence.
Turner, Stone & Company, LLP
Certified Public Accountants & Advisors
https://www.turnerstone.com/
Turner, Stone & Company, L.L.P.
12700 Park Central Drive
Suite 1400
Dallas, TX 75251
Telephone: (972) 239-1660
Toll-Free: (877) 853-4195
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