Compilation engagement

In a compilation engagement, the objective is to assist management in presenting financial information in the form of financial statements without undertaking to provide any assurance that there are no material modifications that should be made to the financial statements so they will conform to the acceptable financial reporting framework. the CPA’s report will not express an opinion or provide any assurance regarding the financial statements.

Compilation engagements are applicable when financial statements are needed for the exclusive use of the company or for income tax purposes.

01947-RG