Professional Presentation, No Assurance Required

A compilation is a service in which a CPA presents financial information in the form of financial statements without providing any assurance on those statements. While we don't express an opinion or provide any assurance, compiled financial statements carry the credibility of being prepared by a licensed CPA.

Compilation services are conducted in accordance with SSARS and are ideal for organizations that need properly formatted financial statements for internal use or for stakeholders who don't require assurance.

When Compilations Are Appropriate

Internal management reporting and decision-making
Small business loan applications with flexible requirements
Partnership and LLC member reporting
Estate and trust administration
Organizations not requiring external assurance

What We Deliver

Our compilation services provide you with professional financial statements prepared in accordance with the appropriate financial reporting framework.

Financial statements prepared using GAAP or other applicable framework
Proper classification and presentation of accounts
Required disclosures based on the engagement terms
Compilation report suitable for intended use

Decision Support

Compilation engagements help when presentation matters but assurance is not required

A compilation can be the right fit when a client needs CPA-prepared financial statements for a defined use, and the report user understands that no assurance is provided.

Who This Is For

Businesses that need financial statement presentation without assurance.
Owners, lenders, or internal users who do not require review or audit work.
Companies preparing more formal statements from management records.

Documents Usually Needed

Trial balance, general ledger, chart of accounts, and financial schedules.
Management-prepared records, debt detail, equity activity, and disclosures.
Report-user request so the required level of service is confirmed.

What You Receive

Compiled financial statements and accountant's compilation report.
Presentation assistance based on management-provided information.
Open-items list for records, disclosures, or user requirement gaps.

When Timing Matters

Before lender, investor, ownership, or annual reporting deadlines.
After the books are closed enough to support statement presentation.
Before report users request assurance that a compilation cannot provide.

Common Mistakes

Assuming a compilation provides assurance or verification.
Using incomplete management records for external reporting.
Not confirming whether the lender needs a review or audit instead.

Engagement Fit

Best fit when no assurance is required and records are management-owned.
Appropriate when presentation is the need, not testing or conclusions.
Scope is confirmed against the intended use before work begins.

What are compiled financial statements?

Short answer: Compiled financial statements are CPA-prepared financial statements based on management-provided information, presented in proper form without audit or review assurance.

Useful for internal reporting, bank packages, and owner presentations.
Prepared by a CPA without providing assurance on the statements.
Often a practical step before review or audit requirements arise.

Financial Statement Compilations