Assurance & Compliance
Statements a lender
will trust
Reviewed and compiled financials, compliance filings, and investor-ready statements — prepared by Debit, issued under a licensed CPA. The assurance a bank, board, or buyer asks for, without a full audit.
Best for: owners who need CPA-issued statements for a lender, board, or investor.
A bank asks for CPA financials you don’t have.
Loan covenants, board packets, and investor requests often require statements issued under a CPA, not internal reports. Debit & Co. prepares them; a licensed CPA reviews and issues them.
A full audit is slower and costlier than most of these requests need. A review or compilation issued under a licensed CPA usually satisfies the covenant, in a fraction of the time.
Three levels of assurance, one licensed sign-off.
Debit compiles the statements from your live books. A licensed CPA partner reviews and issues them at the level your lender or board requires.
01
Compilation
Financial statements compiled and issued under a licensed CPA. The baseline a lender or landlord accepts.
02
Review
Limited-assurance reviewed financials for covenants and investor requests, issued by the licensed CPA.
03
Compliance filings
State, regulatory, and lender compliance filings prepared from your live books and signed off.
Licensed where it counts.
What Debit runs
- Books reconciled to statement-ready detail
- Compiled statement packages
- Compliance-filing preparation
- The 90% of hours the sign-off depends on
What the licensed CPA owns
- The review or compilation report
- The issued, CPA-signed statements
- The regulated sign-off and independence
- An independent licensed CPA partner
How they connect
- One engagement, one data set, one contact
- Statements issued from your live books
- No second onboarding or data pull
- One team behind the numbers and the report
Probable fit if…
- Need CPA-issued statements for a lender or board.
- Have a covenant requiring review or compilation.
- Are raising or reporting to investors.
- Want assurance without the cost of a full audit.
Wrong fit if…
- Need a full PCAOB audit.
- Only need a personal return.
- Already issue CPA statements in-house.
- Want a report with no underlying bookkeeping.
Need the full finance function too? See Outsourced Finance & Accounting →
Data security: encrypted data, role-based access, 7-day documented offboarding.
Case studies
Rebuilding AP operations for a construction firm on Dynamics 365. →
ArchTile’s accounts-payable backlog cleared within 60 days after an AP redesign in Business Central restored vendor payment accuracy and project-level payable visibility.
From cash to accrual: a surgery center regains financial visibility. →
Gayoso Plastic Surgery compressed its monthly close from several weeks to under seven business days following a structured cash-to-accrual conversion.
A review vs. a full audit you don’t need.
| Buyer compares | Full audit | Debit + CPA review |
|---|---|---|
| Cost | Highest assurance, highest cost | Right-sized to the ask |
| Timeline | Weeks of fieldwork | Issued in days once books are clean |
| Data pulls | Extensive | One shared data set |
| Covenant fit | More than most require | Matches the covenant |
| Point of contact | Two | One |
Senior review behind every issued statement.
Senior Controller
Aaron Ressel
25+ years of senior controller seats inside operating B2B businesses. Reviews every close packet weekly.
CFO
Kevin Cahill
25+ years of CFO seats inside operating B2B businesses. Generates monthly insight beyond compliance reporting.
Reviewed and compiled statements are issued by an independent licensed CPA partner.
Scoped to the statement.
Assurance is scoped to the level required — compilation, review, or filing — and your books’ condition. One proposal covers preparation and the licensed sign-off.
Related thinking from the Playbook.
Four questions before you book.
Can I buy only the CFO or only the accountant?
No. The package staffs all three roles as one team. Bundling the accountant, CFO, and controller costs a fraction of building the same function in-house.
How much CFO and controller time do I get?
Kevin Cahill delivers 10 hours a month of CFO strategy. Aaron Ressel delivers 20 hours a month of controller review. Both join the weekly close.
How fast do the dashboards go live?
Live dashboards for cash, margin, and runway activate by Month 1. The accountant runs daily books from Day 1, closing in 5 to 7 days.
How does this differ from Staff Accountants in scope and price?
This package adds a fractional CFO, a fractional controller, and live dashboards on top of a full-time accountant, run as one team. Staff Accountants delivers the accountant seat alone. See Staff Accountants →
Get statements they’ll accept.
Debit prepares the numbers and a licensed CPA issues the report — compilation, review, and compliance filings under one engagement.