Compilation Work

A compilation report is a very valuable asset, as banks and lending institutions oftentimes rely on them in making a decision to extend credit. The reports are also helpful to a client, as they are the starting point for us to help project the rest of the tax year and hopefully spot trends, which will eventually assist with year-end tax planning. A compilation report is constructed by putting financial data together and presenting it in the form of financial statements. The client is responsible for the correctness of their records in a compilation. A compilation provides no assurance for accuracy of the financial information, as it is the representation of management.