compilation

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Compiling a program. See compiler.

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Presentation of financial statement information by the entity without the accountant's assurance as to conformity with generally accepted accounting principles (gaap). In performing this accounting service, the accountant must conform to the AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS (AICPA) Statements on Standards for Accounting and Review Services (SSARS). For guidance on issues not covered therein, reference should be made to the STATEMENTS ON AUDITING STANDARDS (SAS). The engagement letter should set forth the type of services to be rendered, limitations of the service (such as nonreliance to disclose errors and irregularities), and nature of the compilation report. In undertaking a compilation assignment, the CPAshould be familiar with the client and industry accounting principles and practices. The accountant should understand the client's accounting records, form and content of financial statements, and personnel qualifications. The accountant is not gathering evidence and does not verify client information provided. Rather, the CPAreads the compiled statements to assure that they are in appropriate form and without obvious material errors. Each page of the financial statement should refer to the compilation report. The accountant's report should indicate the completion of the compilation, the fact that the compilation is restricted to financial statement information presented by management, and that the statements have not been audited or reviewed.
The accountant does not express an opinion on the financial statements nor does he or she give any other form of assurance on them. In the case where management omits needed disclosures, the CPAshould state so in the report.
See also review.

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n

Definition: assemblage
Antonyms: dispersal, distribution

For a list of words related to compilation, see:

• Publications - compilation: anthology

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Dansk (Danish)
n. - kompilation, uddrag, samlerarbejde

Nederlands (Dutch)
compilatie, samenstelling, het samenstellen, het samengesteld worden, bundel

Français (French)
n. - compilation, rédaction, constitution, (Comput) compilation

Deutsch (German)
n. - Sammlung, Zusammenstellung

Ελληνική (Greek)
n. - σύνταξη, συγγραφή, συλλογή, απάνθισμα

Italiano (Italian)
compilazione, raccolta

Português (Portuguese)
n. - compilação (f)

Русский (Russian)
сборник, собрание, компиляция

Español (Spanish)
n. - recopilación, compilación

Svenska (Swedish)
n. - sammanställande

中文（简体）(Chinese (Simplified))
编辑

中文（繁體）(Chinese (Traditional))
n. - 編輯

한국어 (Korean)
n. - 편집 , 편찬물

日本語 (Japanese)
n. - 編集, 編集したもの

العربيه (Arabic)
‏(الاسم) مجموعه مقتطفات, جمع, تجميع, تأليف‏

עברית (Hebrew)
n. - ‮קובץ, הידור (במחשבים), ליקוט‬

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