Compilation Engagements

Free CPA AUD (Auditing & Attestation) lesson in Forming Conclusions and Reporting. 16 min read, ~2,398 words.

AR-C 80 (SSARS 21) governs compilation engagements; the practitioner assists management in presenting financial statements without providing any assurance. Compilation is a nonattest service: no inquiries, no analytical procedures, no audit procedures, no opinion, no conclusion, no assurance. A signed engagement letter is required before work begins, addressing management's responsibility...

What this lesson covers

• Content
• Example 1
• Common Mistakes
• Check Your Understanding
• Exam Shortcuts

Learning objectives

• IV.C2

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