Sample Compilation Report (2018)

By Charles Hall | SSARS

Oct 25

Are you looking for a sample compilation report? Here it is.

sample compilation report

The compilation report is shortened to differentiate it from audit and review (assurance) reports. The compilation report will not include paragraph headers; ARSC omitted the headers in order to differentiate compilation reports from assurance service reports (e.g., audits, reviews) that do include headers. Though not required, you can add a title such as “Accountant’s Compilation Report.”

Compilation Report Sample

Management is responsible for the accompanying financial statements of XYZ Company, which comprise the balance sheets as of December 31, 20X2 and 20X1 and the related statements of income, changes in stockholder’s equity, and cash flows for the years then ended, and the related notes to the financial statements in accordance with accounting principles generally accepted in the United States of America. I (We) have performed compilation engagements in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. I (we) did not audit or review the financial statements nor was (were) I (we) required to perform any procedures to verify the accuracy or completeness of the information provided by management. I (we) do not express an opinion, a conclusion, nor provide any assurance on these financial statements.

[Signature of accounting firm or accountant, as appropriate]
[Accountant’s city and state]

Accountants add additional paragraphs to the compilation report when the following exists:

Supplementary Information

SSARS 23 amended SSARS 21 and has changed the language regarding supplementary information. Click here to see the new supplementary information language.

SSARS 21 Book

For information about my SSARS 21 book, click here.

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About the Author

Charles Hall is a practicing CPA and Certified Fraud Examiner. For the last thirty years, he has primarily audited governments, nonprofits, and small businesses. He is the author of The Little Book of Local Government Fraud Prevention and Preparation of Financial Statements & Compilation Engagements. He frequently speaks at continuing education events. Charles is the quality control partner for McNair, McLemore, Middlebrooks & Co. where he provides daily audit and accounting assistance to over 65 CPAs. In addition, he consults with other CPA firms, assisting them with auditing and accounting issues.

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(2) comments

David Rothfeld August 8, 2015

Have you completed your SAARS 21 book yet?

Charles Hall August 8, 2015

David, It’s with the proofer now. Hope to have it out in within the next 30 days. The guy that is creating my cover is somewhat delayed. Sorry that I am so late in finishing. I know I have been promising the book for sometime. I think you will find it helpful. I will be promoting the book in the week leading up to release, so you will see the release date at that time. Thanks for the inquiry.

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