Assurance & Financial Statements
Compilation engagements
Professionally prepared financial information for businesses that do not require audit or review assurance.
In a compilation engagement, management provides the financial information and the CPA assists in compiling it into financial statements using an appropriate basis of accounting. A compilation engagement does not provide audit or review assurance.
This service may be appropriate for owner-managed businesses where financial statements are needed for management, tax or certain third-party purposes and a higher level of assurance is not required.
Typical uses
- Year-end financial statements for the corporate tax return
- Statements for management and shareholders
- Lenders and third parties who accept compiled statements
- A starting point before moving to a review or audit
General information, not advice for your situation. Rules and deadlines can change; we confirm what applies to you.
Want us to handle it?
Tell us about your situation and we will take it from there, in English, French or Persian.