ATTEST RETAINERS AND PRE-DELIVERY PAYMENT OPTIONS

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Audit Engagements

Compilation Retainer: $299.50 (USD)

This option is to retain the firm in an compilation engagement. A second payment will be required before delivery of the final signed report. A signed engagement letter is a precondition for starting. The stated fees are only applicable to businesses below a certain revenue and transaction cap; be sure to inquire first before paying the retainer.

 

In a compilation engagement, Nathaniel Jacobson LLC CPAs assists management in presenting financial information in the form of financial statements without undertaking to obtain or provide any assurance that there are no material modifications that should be made to the financial statements. In a compilation, we must comply with Statements on Standards for Accounting and Review Services (SSARSs), which require the firm to have an understanding of the industry in which the client operates, obtain knowledge about the client, and read the financial statements and consider whether such financial statements appear appropriate in form and free from obvious material errors.

 

Note that the base engagement fee is only for an attestation service and does not cover any necessary bookkeeping required to repair management's financial statements to meet the SSARS requirements. That can be found on the Hire Us page.

Compilation Pre-Delivery Payment: $299.50 (USD)

This option must be selected to trigger final delivery of the compilation report to management.

Review Retainer: Purchase Order Required

This option is to retain the firm in an review engagement. A quote specific to your company will be provided upon request. A purchase order must be issued to start the engagement, along with the applicable retainer. Milestone payments will be required as the review progresses and before delivery of the final signed report.

 

In a review engagement, Nathaniel Jacobson LLC CPAs conducts activities like that in a compilation engagement, but to a more sophisticated standard that would provide a user of those statements with comfort that, based on the accountant’s review, the accountant is not aware of any material modifications that should be made to the financial statements for the statements to be in conformity
with the applicable financial reporting framework.

Full Audit 

Clients who wish to retain the firm in a full audit engagement must request proposal to do so. A proposal require a significant discussion with management and/or ownership prior to its issuance. Nathaniel Jacobson LLC CPAs is not currently offering full audit services for publicly traded entities. 

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In an audit engagement, Nathaniel Jacobson LLC CPAs conducts activities like that in a review engagement, but to a more sophisticated standard that would provide a user of those statements with
the auditor’s opinion that the financial statements are presented fairly, in all material respects, in conformity with the applicable financial reporting framework.

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The firm of Nathaniel Jacobson LLC P.A. is licensed by the Maryland Board of Public Accountancy.