Reliable CPA Report.
Compilation Service.

A CPA Compilation is a service where a Certified Public Accountant helps present your financial information in the form of financial statements. In this engagement, the CPA organizes the information that management provides and formats it into formal financial reports.

However, unlike an audit or a review, a compilation does not verify balances or perform testing procedures. Instead, the CPA relies on the information supplied by management and presents it in accordance with professional standards.

Download a Sample CPA Compilation Report to see what a typical report looks like.

Compilation engagements are ideal when you need professional financial statements but do not require assurance from a CPA. Compilations are commonly used for internal reporting, preliminary financial presentations, lender prequalification, investor updates, and regulatory submissions that do not require a review or audit.

A compiled financial statement differs significantly from both a review and an audit.

First, a compilation does not include testing, analytical procedures, or verification of balances. The CPA simply assists in presenting the financial information provided by management.

In contrast, a CPA review includes analytical procedures and inquiries, which provide limited assurance that the financial statements are free from material misstatement.

Finally, a CPA audit provides the highest level of assurance. During an audit, the CPA performs detailed testing and gathers supporting evidence before expressing an opinion on the financial statements.

You will need to provide your accounting records, trial balance, general ledger, bank statements, supporting schedules, or any other relevant documentation. We will outline exactly what is required and guide you through any missing items.

The cost of a CPA compilation typically ranges from $1,000 to $4,500, depending on the size of the organization, number of accounts, and the condition of the accounting records. Smaller businesses with clean books are usually on the lower end. Organizations with multiple accounts, prior-year issues, or incomplete records may fall on the higher end.

A compilation engagement does not include ongoing bookkeeping services. Instead, the CPA focuses on presenting financial statements based on the information management provides.

However, cleanup work or adjusting entries may be necessary before the financial statements can be compiled. If we identify cleanup requirements, we will explain them clearly and outline the scope before proceeding.

Yes. Nonprofits can use a CPA compilation when a funder, board, or regulatory body requires formally presented financial statements but does not specifically require a review or audit. Compilations are performed in accordance with SSARS standards issued by the AICPA and are appropriate for organizations that need professional financial reporting at a lower cost.

Most CPA compilations are completed within 1 to 4 weeks, depending on the completeness of your accounting records and the complexity of your organization. If cleanup or adjusting entries are needed first, additional time may be required. We outline the timeline clearly during your consultation.