WHAT IS A COMPILATION?

Your auditor applies accounting and financial reporting expertise to assist management with the preparation and presentation of financial information in order to comply with the applicable financial reporting framework. A compilation engagement is not an assurance engagement, but external users (such as lenders, insurers, or customers) will often value the involvement of a professional accountant.

WHAT ARE THE BENEFITS OF A COMPILATION?

Your accountant may not knowingly be associated with documents, reports, or other information that contain a materially false or misleading statement.
Management may benefit from assistance when making significant judgments or in addressing technical issues.
Your auditor is required to report all matters that in their professional judgment are of sufficient important to merit management’s attention..