Posted by: Venus Duplin, CGA on 6/18/2012 1:53:10 PM
Unless you have a background in accounting, all the different accounting jargon can be confusing. Notice to Reader (NTR), Compilation, Review, Financial Audit, Real Estate Trust Audit, Forensic Audit. What do these words mean? Which one does the council or owners choose? How do you know which one will give you the assurance you need?
There are varying levels of assurance that relate to each engagement and that is what separates them from each other.