In a compilation engagement, the accountant presents in the form of financial statements information that is the representation of management (owners) without undertaking to express any assurance on the statements. In other words, using management's records, the accountant creates financial statements without gathering evidence or opining about the validity of those underlying records. Because compiled financial statements provide the reader no assurance regarding the statements, they represent the lowest level of financial statement service accountants can provide to their clients. Accordingly, standards governing compilation engagements require that financial statements presented by the accountant to the client or third parties must at least be compiled.
Omaha Nebraska Report from Review of Financial Statements and Compilation by Accounting Firm
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Omaha Is the Steak Capital of Nebraska The state of Nebraska is known for its beef, and is even nicknamed the "Beef State." Omaha is Nebraska's steak capital, as it's home to one of the country's largest producers of beef, Omaha Steaks.
Prostitution was a major component of the city's flourishing vice industry during the late 1800s and early 1900s, when Omaha was known as a ?dirty wicked town.? Today's Wilson and Washburn Bar downtown is named for its two leading madams.
Omaha is Nebraska's biggest city and a regional manufacturing, transportation, trade, and service hub. From the 1890s through the mid-20th century Omaha emerged as one of the top livestock markets in the world and a leader in the meat-processing industry.
Presently, Omaha is the home to the headquarters of four Fortune 500 companies: conglomerate Berkshire Hathaway; one of the world's largest construction companies, Kiewit Corporation; insurance and financial firm Mutual of Omaha; and the United States' largest railroad operator, Union Pacific Corporation.
Steak. Omaha is known around the country as one of the best sources for steak. This is mostly due to the fact that beef is Nebraska's single largest industry, and Omaha has been the country's meatpacking center since the 1950s.
The cost of living in Omaha, NE is 3% higher than the state average and 7% lower than the national average. Omaha, NE housing is 15% cheaper than the U.S average, while utilities are about 5% less pricey.
