Reviews, Compilations, and AUP
Financial Statements Review
A financial statement review involves an evaluation of your company’s financial statements and provides limited assurance about the accuracy and conformity of the financial statements with the appliable accounting principles.
Key features of a financial statement review:
- Gains a general understanding of your company's accounting practices and industry.
- Apply analytical procedures to identify any unusual trends or potential errors in the financial statements.
- Performs inquiries and discussions with management to gain an understanding of your organization's operations and financial reporting process.
- Issue a report stating that we are not aware of any material modifications that need to be made to the financial statements for them to be in accordance with the applicable accounting principles.
A review can be a cost-effective way to meet the requirements of third parties when an audit is not required.
Financial Statements Compilation
A financial statement compilation involves the preparation of financial statements by an accountant based on the information provided by your organization’s management, without providing any assurance on the accuracy or completeness of the data. In a compilation engagement, we take the financial data supplied by you and organize it into the appropriate financial statement format.
Key features of a financial statement compilation:
- We do not verify the accuracy of the information provided by the client.
- We do not express any opinion or conclusion on the financial statements.
- The compiled financial statements are generally accompanied by a "Compilation Report" that explicitly states that no assurance is provided.
For some entities, this statement is sufficient to meet management needs as well as the needs of certain third parties.
Agreed-Upon Procedures (AUP)
In an agreed-upon procedures engagement, we perform specific procedures and tests agreed upon with you or a third party. This type of engagement is usually tailored to address specific areas of concern or to meet certain reporting requirements.
Key features of agreed-upon procedures engagement:
- The scope of work is determined by the specific procedures agreed upon with you or a third party.
- We provide a report that outlines the procedures performed and the findings. The report does not include an overall conclusion or opinion.
- Agreed-upon procedures engagements are often used when stakeholders need targeted, detailed information on specific financial matters.
We offer various agreed-upon procedures (AUP) in accordance with the standards of the American Institute of Certified Public Accountants (AICPA).
A Commitment to Client Success
We specialize in audits of all types of Employee Benefit Plans, including:
- Defined contribution retirement plans
- 401(K) plans and 403(b) plans
- Profit-sharing plans
- Employee stock option plans (ESOP)
Your Full-Service Assurance Partner
Our expertise, experience, industry knowledge, and personalized attention put our clients in a position of strength.
With the Rubino Team,Anything Is Possible

Insights
At Rubino, we understand the unique strategic and financial issues that nonprofit groups face daily. Reliance on unpredictable income and volunteer workers makes it much more difficult to deliver a consistent product or service.
We can alleviate this uncertainty by developing solid financial strategies that your organization can always count on.
All organizations need accounting services. Where they get it can be the difference between success and failure. Too often, businesses take on accounting services themselves, which may work in the very beginning, but fail as the business grows and financial needs become more complicated.
Instead, choose a scalable approach. Outsourced accounting services provide a framework for growth that will sustain your business years into the future.
Housing authorities must operate with total transparency. The financial documents they produce each year have to be detailed enough to withstand intense scrutiny, which is why many choose an outsourced option.
Rubino specializes in the needs of public housing authorities, and with our expert affordable housing team, your agency can expect reliable guidance and high-quality services that are efficient, timely, and informative.
When your individual income is closely tied to your small business or nonprofit fundraising, there is a tight distinction among personal taxes, financial reporting, and the needs of your organization.
Rubino understands these differences, and we’ve helped many clients manage their financial futures alongside their businesses or other entrepreneurial endeavors.
Healthcare providers have special financial reporting and data security needs. This is why many dentists, chiropractors, physical therapists, and the like turn to Rubino as their financial partner.
With us, you can operate with confidence knowing you have your financial bases covered and concentrate on providing the best possible care for your clients.
An accountant with the right mix of experience and industry knowledge can save you money and time. Rubino has worked with real estate property owners for decades. Accounting in real estate companies shouldn’t be a mystery; we can be your trusted resource.
We help our real estate clients achieve their goals by taking the time to understand their needs and providing the expertise of a large firm with the service of a small firm.
Government contractors are under higher scrutiny because they operate in a field that requires transparency and compliance with shifting regulations. While government contracts can be lucrative and are highly sought after, the firms they get awarded to need to meet these stringent regulations and adjust when they are changed. Merely knowing what all the regulations are and what you need to do to meet them is a job in and of itself.
This is where Rubino comes in. When you partner with us, you can rest assured you will receive quality information and expert advice that keeps you ahead of changes to regulatory and accounting standards.
