Compilation Statement
The minimum level of financial statement preparation by an accountant. A compilation statement verifies only the mathematical accuracy of the financial information presented to the accountant by management. A compilation financial statement involves no testing of receivables, inventory, or other assets or verification by the accountant preparing the compilation statement. Compilation statements lack footnotes and other disclosures found in an audited statement or review statement.
- Parte del discurso:
- Industria/ámbito: Servicios financieros
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- kirb
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