Compilations

In a compilation engagement, the accountant is busy to employ accounting proficiency as opposed to auditing expertise to gather, categorize and summarize financial information. This ordinarily entails decreasing detailed data to a convenient and understandable form without need to test the assertions underlying that information. The process used are not designed and do not allow the accountant to state any assurance on the financial information. Though, users of the compiled financial information derive some advantage as an outcome of the accountant's involvement since the service has been performed with due professional talent and care.