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INDEPENDENT ACCOUNTANT\'S COMPILATION REPORT ON ANNUAL SURVEY OF CITY AND TOWN FINANCES PURSUANT TO SECTION 17105.1 OF TITLE 11 OF THE OKLAHOMA STATUTES Honorable Mayor and City Council City of Elgin Management
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Review the financial statements provided by the client.
02
Analyze the financial data to ensure its accuracy and completeness.
03
Ensure compliance with accounting standards and regulations.
04
Prepare the independent accountant's compilation report.
05
Include a title that clearly indicates the nature of the report.
06
State that the financial statements are the responsibility of the management.
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Express an opinion or state that no assurance is provided.
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Include a statement that the compilation was performed in accordance with applicable standards.
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Include appropriate disclosures and footnotes.
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Sign and date the report.
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Deliver the completed report to the client.

Who needs independent accountants compilation report?

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Business owners or managers who want to have their financial statements reviewed by an independent accountant.
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Lenders or creditors who require assurance on the financial statements of a borrower or debtor.
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Investors or shareholders who want to evaluate the financial performance and position of a company.
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Government agencies or regulatory bodies that need to monitor compliance with financial reporting requirements.
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Non-profit organizations that need to provide financial accountability to donors and stakeholders.
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An independent accountants compilation report is a financial statement prepared by an external accounting firm in which they present information that has been compiled from a company's financial records.
Companies that are required to have their financial statements reviewed or audited by independent accountants may be required to file an independent accountants compilation report.
To fill out an independent accountants compilation report, the accounting firm will gather financial information from the company, compile it into the necessary format, and present it in a report.
The purpose of an independent accountants compilation report is to provide stakeholders with a clear and accurate picture of the company's financial position and performance.
The independent accountants compilation report must include the compiled financial statements of the company, along with any disclosures required by accounting standards.
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