Some computational bases (for example. B the tax base) do not require the issuance of a cash flow table. A compilation report is a report prepared by the accountant in charge of the execution of the compilation service by a client and responsible for accompanying the conclusion. Unlike a review or review report, a compilation report includes a single paragraph without a paragraph title. It should identify the company (customer), the accounts produced and the period covered. When an accountant agrees to the audit conditions, he is responsible for producing and presenting the client`s annual accounts. It is required to comply with the accepted reporting framework (IFRS or US GAAPIFRS vs. US GAAP). IFRS V. US GAAP refers to two accounting standards and principles that are respected by countries around the world in financial reporting. More than 110 countries follow International Financial Reporting Standards (IFRS) that encourage consistent settlement of financial statements.) graduation.

Depending on the conditions of thought, the accountant may be required to produce a single degree or a set of important degrees. The accountant cannot prepare a compilation report indicating that the annual accounts (as a whole) are not submitted in accordance with the applicable financial reporting framework. This is indeed a negative opinion. A negative opinion can only be expressed in an audit commitment. As part of a compilation, management assumes responsibility for the preparation and presentation of the diploma. The accountant who provides the compilation services should have sufficient professional experience and knowledge of the client to compile the annual accounts. The date of the compilation report must be the date the accountant completes the compilation process. Some of the information contained in a letter of commitment includes the benefits to be provided, the amount and date of payments, certain deadlines, how the parties can terminate the contract, etc.

In most collection letters, it is said that the accountant produces and presents annual accounts and provides a compilation service. Management has chosen to refrain, for the most part, from all information normally contained in the financial statements based on the accounting base. If the omitted information was included in the financial statements, it could influence the user`s conclusions about the company`s assets, liabilities, equity, revenues and expenses. As a result, financial statements are not intended for those who are not informed of these issues.