Compiling financial information envisages collection, classification, and summarization of the financial information, and possible transformation of the financial information in accordance with applied basis of accounting.

It takes an auditor specific accounting and reporting expertise to successfully compile financial information. The procedures performed by the auditor are not aimed at expression of the auditor’s opinion.

The compiling procedures help bring the detailed data into a convenient and easy-to-understand form without having to test the assertions underlying that information.

A compilation engagement normally involves the preparation of the financial (accounting) statements (which may be or may not be a complete set of financial statements), but may also include the collection, classification, and summarization of other financial information.

Usually, compiling financial information is required in the following cases:

• For consolidated financial statements for a group of companies that are formed by combining accounting data of interrelated organizations within this group in accordance with applicable framework for consolidated financial statements, as governed by the appropriate legal acts.
• For management accounting based on the financial information, to be presented in an easy-to-understand and convenient form adequate to the management objectives.

The users of compiled information will benefit from the expertise of our highly qualified team as we are committed to high professional competence and good faith when providing the services.