COMPILATION OF FINANCIAL STATEMENTSs

A compilation engagement is a service in which professional accountant assists management in presenting financial information in the form of financial statements, without providing any assurance or opinion on their accuracy or completeness.

In a compilation, the accountant applies accounting expertise to gather, classify, and summarize financial data provided by the client.

Contact Us

PURPOSE AND SCOPE

The main objective is to help the entity prepare financial statements that conform to an applicable financial reporting framework in accordance with Indonesian Financial Reporting Standards issued by Institute of Indonesia Chartered Accountants, for internal use, tax filings, loan applications, or other non-assurance purposes.

Purpose and Scope KAP Angelina

COMMON AREAS

No assurance provided

Based on client data

Disclosures may vary

Aimed for internal or external use

COMMON USE CASES

No Opinion or Conclusion

Internal Reports

For small to medium-sized entities not required to obtain audits or reviews

Targeted & Sepcific

Loan Requirement Use

To meet loan or credit requirements where assurance is not mandated

Report Locked

Tax Report Preparation

For management use or preparation of year-end reports for tax or planning purposes

BENEFITS

Statistic Graph

Cost-efficient financial reporting option

Timely and structured financial information

Professional presentation of financial data for third-party use

Complies with applicable standards even without assurance

Logo IAPI

Standar Jasa Terkait (SJT) 4410 "Compilation Engagements"

issued by the Indonesian Institute of Certified Public Accountants