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A compilation engagement is a type of engagement where a company engages an outside accountant to prepare and present financial statements. It is not designed to express an opinion or provide assurance regarding the information contained in the financial statement.
14 lip 2024 · What is a Financial Statement Compilation? A financial statement compilation is a service to assist the management of a business in presenting its financial statements.
The compilation of financial statements refers to a service that accountants provide to a company. This service involves assisting the management in preparing financial statements. Most specifically, it includes compiling financial information into a financial statement format.
The financial statements (usually income statement, balance sheet, and cash flow statement) prepared by an external accountant based on the amounts or accounting data provided by the client business entity are called compiled financial statements.
Compilation Engagements. Source: SSARS No. 21; SSARS No. 23; SSARS No. 25. Effective for compilations of financial statements for periods ending on or after December 15, 2015, unless otherwise indicated. Introduction. Scope of This Section.
18 cze 2021 · Compilation or Notice-to-Reader (NTR) Financial Statements are the lowest level of assurance provided by a CPA on a set of financial statements.
