Financial Report Review Program
Two MNCPA task forces review financial reports and provide feedback to practitioners. Reports evaluated fall into two categories:
- Employee Benefit Plans
- General Industry
Report review strengthens the quality and consistency of financial reporting by Minnesota CPAs. It provides constructive, non-punitive feedback to CPA practitioners at no charge to them. It also identifies and increases awareness of common reporting deficiencies.
Selection of reports
Employee Benefit Plan Audits: Voluntarily submitted
General Industry Financial Statements: Voluntarily submitted
- Voluntarily submitted by MNCPA members
Submitting an industry report
- A CPA firm may submit up to two full-disclosure audit, review or compilation reports for review
- Company and firm information is masked to protect privacy
Findings from recent reports
General industries (2016)
Employee Benefit plans (2016)
Volunteers are needed
MNCPA can provide this service on a complimentary basis only because of the service of volunteer reviewers. Volunteers are assigned reports to evaluate based on their own industry expertise. Through an 8-10 hour commitment, volunteers are helping the profession and their peers while strengthening their own skills.
Learn more about volunteering