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MARULENG LOCAL MUNICIPALITY TENDER NO : MLM/SCM/36/2022 BID DESCRIPTION: APPOINTMENT OF SERVICE PROVIDER FOR PREPARATION, COMPILATION AND REVIEW OF msCOA, ANNUAL FINANCIAL STATEMENTS FOR A PERIOD

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Who needs preparation compilation and review?

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Small businesses looking to assess their financial performance

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Individuals preparing for tax filing

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Non-profit organizations applying for grants or funding

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Publicly traded companies complying with regulatory requirements

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What is preparation compilation and review?

Preparation compilation and review are types of financial statement services provided by accountants to help ensure the accuracy and reliability of financial information.

Who is required to file preparation compilation and review?

Certain businesses may be required to file preparation compilation and review reports based on regulatory requirements or lender agreements.

How to fill out preparation compilation and review?

Preparation compilation and review reports are typically filled out by certified public accountants who have reviewed the financial statements and verified their accuracy.

What is the purpose of preparation compilation and review?

The purpose of preparation compilation and review is to provide assurance to stakeholders that the financial statements are free from material misstatements and errors.

What information must be reported on preparation compilation and review?

Preparation compilation and review reports must include a summary of financial data, explanations of accounting practices, and any notes or disclosures that may impact the financial statements.

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