• Do the changes impact the services you’ll receive?

    The transition from Notice to Reader to Compilation Engagement Report is a good opportunity to make sure you’re receiving the right services for your business needs.

    Compilation engagements are one of many different services BDO provides to empower your business at every stage. Whether you’re growing, looking to exit, or simply adapting to the latest changes, we can provide advice and support—from bookkeeping and payroll to tax planning to cybersecurity to putting a value on your business.

  • When will these changes happen?

    The changes must be made for financial statement periods ending on or after December 14, 2021.

  • Why are these changes happening?

    The changes are designed to provide more clarity to you, your bank, and other lenders that use your financial statements.

  • What happens next?

    We will keep you updated on these changes, and provide resources you can share with your lenders.