Three Things Every Founder Should Know

Three Things Every Founder Should Know

📊 1. Know What You Need

A review and an audit both provide independent CPA assurance, but they are not the same engagement.

CPA Review

Limited Assurance
  • We ask questions and analyze your financial results.
  • We perform targeted procedures on key financial statement balances.
  • Less extensive than an audit.

CPA Audit

Higher Assurance
  • We test financial information and supporting documentation.
  • We evaluate key balances, transactions, and supporting evidence.
  • More extensive than a review.

Which one do you need?

Your fundraising goal and whether you have previously raised under Reg CF determine the level of CPA assurance required.

First-Time Reg CF Issuer

$124K–$618K: CPA Review

$618K–$1.235M: CPA Review

Over $1.235M: CPA Audit

Previous Reg CF Issuer

$124K–$618K: CPA Review

Over $618K: CPA Audit

Maximum Reg CF raise: $5M

📁

2. Preparation Makes the Difference

The quality of your accounting records and supporting documentation has the biggest impact on how efficiently your engagement progresses.

A Practical Guide to Avoiding Common Delays

🔎 3. Know What to Expect

Every company is different. Your timeline, cost, and process depend on your financial activity, complexity, and readiness.

8–13
Business Days
Simple & Standard Reviews
14–21
Business Days
Complex Reviews
Day 1
Begins once complete requested documents are received
⏱ Timing depends on responsiveness. The engagement timeline pauses while we are waiting for requested documents, answers, or clarifications.

Want to understand your readiness and get an initial cost estimate?

Check Your Readiness & Estimate Your Cost

Still have questions or prefer to talk it through?

Schedule a Call →

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