Compilation report

Compilation report fulfills the Purpose of a compilation engagement is for the accountant to use accounting expertise.

It is opposed to auditing expertise, to collect, classify and summarize financial information.

Ordinarily entails reducing detailed data to a manageable and understandable form without a requirement to test the assertions

However, users of the compiled financial information derive some benefit as a result of the accountant’s involvement because the same has been performing with professional competence and due care.

A compilation engagement would ordinarily include the preparation of the financial statements (which may or may not be a complete set of financial report and statements) but may also include the collection, classification, and summarization of other financial information.

Our expert team of professionals to handle the compilation report for business financial statements.