# Compilation

> Compilation — 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.

Source: https://lopifi.com/glossary/compilation
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

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**What is 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.

## Words this system refuses for it

- audit
- review
- certified statements

- **Category:** Controls
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)