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.
Plano Texas Report from Review of Financial Statements and Compilation by Accounting Firm
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In a recent SmartAsset study, Plano ranked #9 for the wealthiest middle class. The median salary for a Plano resident is $95,002. In a SmartAsset study of the median household income in America's largest 100 cities, Plano ranked #9 for the most wealthy middle class.
Plano, considered the ?Balloon Capital of Texas,? hosts a popular hot-air balloon festival each September. Inc. 1873.
In 1994, the city was recognized as an All-America City. By 2000, the population grew to 222,030, making it one of the largest suburbs of Dallas. Plano is surrounded by other municipalities and therefore cannot expand in area, and there is little undeveloped land remaining within the city limits.
Quality medical care facilities, superior educational opportunities, and excellent recreational and cultural amenities contribute to the quality of life for Plano's citizens.
Plano Demographics White: 55.55% Asian: 22.68% Two or more races: 9.2% Black or African American: 9.02%
Plano is the headquarters of Frito-Lay, a division of Pepsico. Heritage Farmstead Museum occupies a former sheep ranch. Plano, considered the ?Balloon Capital of Texas,? hosts a popular hot-air balloon festival each September.
Plano (/?ple?no?/ PLAY-noh) is a city in the U.S. state of Texas, where it is the largest city in Collin County. Plano is also one of the principal cities of the Dallas-Fort Worth metropolitan area.
The median property value in Plano, TX was $358,100 in 2021, which is 1.46 times larger than the national average of $244,900. Between 2020 and 2021 the median property value increased from $341,800 to $358,100, a 4.77% increase.
