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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 Office of the State Auditor and Inspector State
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01
Gather all financial documents and records that need to be compiled.
02
Prepare the financial statements in accordance with generally accepted accounting principles (GAAP).
03
Ensure that the financial statements are free from material misstatements.
04
Obtain a signed engagement letter from the company requesting the compilation services.
05
Issue the compiled financial statements along with a compilation report from the independent accountant.

Who needs independent accountants compilation?

01
Small businesses that are required to provide financial statements to stakeholders such as investors, creditors, or regulatory agencies.
02
Non-profit organizations that need to report their financial information to donors and governing bodies.
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Startups looking to secure funding or loans from financial institutions.
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Companies undergoing mergers or acquisitions that need accurate financial information for due diligence purposes.
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Independent accountants compilation is a report prepared by external accountants that presents financial information in a prescribed format.
Certain companies and organizations are required to file independent accountants compilation as per regulatory requirements or agreements with stakeholders.
Independent accountants compilation is filled out by providing financial data, notes, disclosures, and following the prescribed accounting standards.
The purpose of independent accountants compilation is to provide stakeholders with an overview of the financial health and performance of an entity.
Independent accountants compilation must include financial statements, key financial ratios, notes to financial statements, and any other relevant disclosures.
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