Compilation of a financial statement means a presentation of information in the form of a financial statement that is the representation of any other person without the undertaking of the certified public accountant or public accountant to express any assurance on the statement.
Compilation of a financial statement means presenting in the form of a financial statement information that is the representation of any other person without the CPA's undertaking to express any assurance on the statement;
Examples of Compilation of a financial statement in a sentence
These services include:• Audit, review or agreed-upon-procedures of a financial statement,• Examination of prospective financial information, or• Compilation of a financial statement if the compilation report does not disclose a lack of independence between the client and the licensee.In some states, ethics rules regarding attorneys are even more prohibitive.