Tax Planning Strategies
CPA Review vs. Compilation vs. Audit: Which Do You Need?
Compare CPA compilation, review, and audit engagements under SSARS and auditing standards to find the right assurance level…
READ MORE ●
Assurance
Financial statement service
Personal Financial Statement & Net Worth Statement Preparation by a CPA
A CPA-prepared statement of your assets, liabilities and net worth at estimated current values — for lenders, sureties, investors and immigration counsel.
- Estimated current values
- Statement of financial condition
- Prepared, compiled or reviewed
What a PFS shows
Assets, liabilities and net worth.
One page that shows your financial condition at a date.
Assets
Liabilities
Result
Net worthAssets minus liabilities, at estimated current values
A compilation presents management’s information without assurance. Prepared statements carry “No assurance is provided” on each page.
Who asks
Who usually requests a PFS.
The requester decides which level you need.
Lenders
Personal guarantees and business loans.
Sureties
Owner net worth for bonding.
Investors
Partners checking financial capacity.
Immigration counsel
Supporting financial documentation.
Choose the level
Prepared, compiled or reviewed.
Most requests are satisfied by a CPA-prepared statement; some ask for more.
No assurancePreparationSSARS AR-C 70
Statements prepared from your records.
● This pageLimited assuranceReviewSSARS AR-C 90
Inquiry and analytics with a review report.
Reasonable assuranceAuditAICPA SAS
Full audit opinion. Offered by decision.
Not every request needs the highest level. We match the engagement to the exact wording your requester uses.
How an engagement works
Four steps, clearly defined.
- 1
Scope
Requester, date and level agreed.
- 2
Gather
Statements and valuations shared securely.
- 3
Prepare
Assets and liabilities at estimated current values.
- 4
Deliver
Signed statement in the agreed format.
Licensed CPA sign-offEvery report and letter
AICPA standardsSSARS and SSAE, cited by number
Independence firstConfirmed before we accept
Secure portalDocuments never sent by email
FAQ
Frequently asked questions.
Reviewed by the NexusWorks assurance team · Last updated Oct 28, 2026
A statement of your assets and liabilities at estimated current values, showing net worth at a date.
We can prepare the underlying personal financial statement; you or your lender complete the form.
A prepared or compiled statement provides no assurance. A reviewed statement provides limited assurance.
Match your request
Tell us what was asked for.
Paste the exact wording from your lender, surety or agency. We'll tell you which engagement satisfies it — and if it doesn't fit what we offer, we'll say so.
Out-of-state engagements accepted where state rules permit.