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Compilation Letter Sample Form

Compilation Letter Sample Form

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[Music] at the other end of the spectrum from an audit lies the compilation report as the most basic level of reporting your account can provide the purpose of the compilation engagement is simply for the accountant to help management package the necessary information into the standard financial statement reporting format a compilation offers no assurance or opinion as to whether the financial statements are materially misstated or whether they are in conformity with the reporting framework that's used unless there's a glaring error the account isn't expected to ask exploratory questions or do anything more than a service examination of the statements it's also the accountants responsibility to make sure the work is done in ance with what's known as the statements on standards for accounting and review services this requires the account to have a general understanding of the client's business and how it operates while your accountant does

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