Compile

Compile

A compilation is presenting in the form of financial statements information that is the representation of management without expressing assurance. Compilation of a financial projection is assembling prospective statements based on assumptions of a responsible party, considering appropriateness of presentation, and issuing a compilation report. No assurance is provided on the statements or underlying assumptions. The accountant need not be independent.

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Part of Speech: verb
Synonym(s):
Blossary:
Industry/Domain: Accounting
Category: Auditing
Company: AIS
Product:
Acronym-Abbreviation:

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Related terms

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