Often referred to as write-up work, a compilation refers to financial statements prepared by an
accountant without reviewing or auditing the amounts. Often the accountant merely takes a
client's amounts and presents them in the income statement and balance sheet format and
does not provide any assurances regarding the amounts.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.