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STANDARD INDEPENDENT ACCOUNTANTS COMPILATION REPORT To Management Bergamo Acquisition Corp and Subsidiaries Henderson, Nevada We have compiled the accompanying consolidated balance sheet of Bergamo.

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Related content

Sample Compilation Engagement Agreement...
Objectives The objective of our engagement is to apply accounting and financial reporting...
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Compilation and review engagements : essential...
by JR Madray · 2005 — — Defines the compilation of financial statements and the...
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Compilation of Financial Statements
Management's responsibility for the financial statements and for internal control over...
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A preparation engagement is a non-attest service provided by Certified Public Accountants in which they are engaged to prepare financial statements or prospective financial information. As it is a non-attest service, the accountant does not have to be independent of the client entity.

A CPA prepared compilation is a standardized presentation that provides additional information useful to management, creditors, and investors.

A review requires some testing of the information, while a compilation almost entirely relies on the presented information. Understanding of internal control. The auditor only tests the internal controls of the client in an audit; no testing is conducted for a review or a compilation.

An accountant tasked with the responsibility of providing compilation services is required to possess sufficient industry-level knowledge of the client. He or she is not required to be independent of the company requiring compilation services in order to perform such a form of engagement.

In a preparation engagement, the accountant is literally preparing the financial statements based on information management provides (e.g. trial balances). In a compilation engagement, management prepares the financial statements, and the accountant will read and help finalize the financial statements.

A compilation is literally a compilation of financial records into a format required by accounting standards. When this work is performed by an auditor it is referred to as a “compilation” and accounting standards require the auditor to assess whether the records are free from obvious errors.

While it is possible for the accountant to perform only a compilation and not prepare the financial statements, most compilation engagement letters will state that the following will be performed by the accountant: Preparation of the financial statements (a nonattest service) A compilation service (an attest service)

Preparation of your financial statements is one of the last steps in the accounting cycle, using information from the previous statements to develop the current financial statement.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232