Compilation Engagement – lenders, banks and insurance
IN A COMPILATION ENGAGEMENT A CHARTERED PROFESSIONAL ACCOUNTANT PRESENTS IN A COHERENT AND LOGICAL FORMAT THE FINANCIAL INFORMATION OF A BUSINESS. IT SHOULD FOLLOW THE BASIC PRINCIPLES OF ACCOUNTING AND IT SHOULD ALLOW THE READERS TO BETTER UNDERSTAND THE FINANCIAL POSITION OF THE BUSINESS ITSELF WITHOUT ASSURING OR GIVING AN OPINION OF THE INFORMATION IT CONTAINS.
You may require a compilation engagement to gather the financial information of your company or, to present it to other third parties that might need to review the status of your business. For example, lenders, shareholders, banks and insurance companies might have a particular interest in seeing if your business is strong or not in order to assume new obligations or debts.
AZ Chartered Professional Accounting staff is ready to serve you and guide you through all the steps to provide a compilation engagement based on your requirements.