Compilation
In accounting, compilation means an engagement in which an accountant presents financial statements from management's information without obtaining or giving any assurance — no audit, no review — and says so in the report; an accountant who is not independent must disclose it.
- Layer
- Lexicon
- Defined in
- Lexicon
- Nearby
- 2
Authority
This definition follows AICPA SSARS — AR-C 80.
Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.
For founders
The same idea written for a founder: what it costs a startup that ignores it, and what to do in a real month.
What it is not called
Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.
- audit
- review
- certified statements
Nearby in the catalog
No component names this concept outright. These are the ones in its part of the system, which is a weaker claim — but a component nothing links to is a component nobody finds.
Also in Controls
Defined in Lexicon. This page is generated from that document, so the two cannot disagree.