Compilation Report Sample – SSARS 21

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

compilation report sample

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 a compilation engagement 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. Accordingly, I (we) do not express an opinion, a conclusion, nor provide any form of assurance on these financial statements.

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

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

  • When financial statements are prepared in accordance with a Special Purpose Framework/OCBOA
  • When disclosures are omitted
  • When the accountant is not independent
  • When there are known departures from the applicable financial reporting framework
  • When supplementary information accompanies the financial statements 

Supplementary Information

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

SSARS 21 Book

For information about my SSARS 21 book, click here.

Learn from the CPA Scribo newsletter!

Get my free weekly accounting and auditing digest with the latest content.

Powered by ConvertKit

Please note: I reserve the right to delete comments that are offensive or off-topic.

Leave a Reply

Your email address will not be published. Required fields are marked *

2 thoughts on “Compilation Report Sample – SSARS 21

    • 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.