A compilation is a more basic report than an audit. Because the information is neither substantiated nor confirmed by outside sources, a compilation is known as an unaudited report.What is a compilation engagement?
Essentially, a compilation engagement is one in which a public accountant receives information from a client and arranges it. into the form of a financial statement.What is an accounting compilation?
A compilation is often the result of an accounting service known as write-up work. With compilations, or compiled financial statements, the outside accountant converts the data provided by the client into financial statements without providing any assurances or auditing services.