A CPA-prepared balance sheet, income statement and cash flow statement — with or without a compilation report under SSARS AR-C 80.
The short answer
A compilation is a financial statement service in which a CPA presents your financial information as statements in a chosen framework and issues a compilation report under SSARS AR-C 80. It provides no assurance — the CPA doesn’t verify the information.
Oct 28, 2026Accountant’s Compilation Report
A compilation presents management’s information without assurance. Prepared statements carry “No assurance is provided” on each page.
Three ways
All three are CPA-prepared. They differ in the report and disclosures.
Statements prepared under AR-C 70, marked “No assurance is provided” on each page. No report.
Statements with a compilation report under AR-C 80.
A compilation without full notes, when your reader doesn’t need them.
Framework
We’ll match the framework your lender or reader specifies.
Generally accepted accounting principles — the most widely requested.
Statements on the basis used for your tax return.
Revenue and expenses when cash moves.
Where a compilation sits
If your reader asks for “reviewed” statements, a compilation won’t satisfy it.
Statements prepared from your records.
Prepared statements with a compilation report.
● This pageInquiry and analytics with a review report.
Full audit opinion. Offered by decision.
Not every request needs the highest level. We match the engagement to the exact wording your requester uses.
How an engagement works
Agree the statements and basis needed.
We work from your reconciled records.
Balance sheet, income statement, cash flows.
Compilation report where required.
FAQ
Reviewed by the NexusWorks assurance team · Last updated Oct 28, 2026
No. A compilation provides no assurance; the CPA doesn’t verify or test the information.
Both are CPA-prepared. A compilation includes a compilation report; a preparation engagement does not and is marked “No assurance is provided”.
The one your lender or reader specifies. Many accept tax-basis statements; some require GAAP.
Yes — independence isn’t required for compilations, though the report will disclose any lack of independence.
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Match your request
Paste the exact wording from your lender, surety or agency. We'll tell you which engagement satisfies it — and if it doesn't fit what we offer, we'll say so.
Out-of-state engagements accepted where state rules permit.
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