Financial Statement Reviews There are a variety of non-audit services that CPAs perform for companies. Understanding what these services entail helps to ensure you are in compliance for any type of client engagement.

Melissa ONeil, CPA, has been engaged by a non-public company, Caldwell, Inc., to review the financial statements of the most recently completed fiscal year.

What sources should ONeil consult in order to prepare for this review? What are the required procedures that ONeil must perform? What information should the review report contain? What should ONeil do if she finds there was a material departure from GAAP?