Compilation Engagements means compilation of financial information in accordance with applicable financial reporting framework. It also includes the compilation of back log for migration into the Management Information System.
Why Compilation Engagements ?
The Management is responsible to prepare and present financial statements in accordance with applicable financial reporting standards. However due to limitation with respect to skill set, the Companies may hire services of professional accountants to compile financial information in accordance with applicable financial reporting standards.
In case of computerization, the companies may require services of professional accountants to compile the information from manual records with accuracy and authenticity so that proper migration of data takes place.
Benefits of Compilation Engagements
Compilation has following benefits attached to it
- No Extra burden on already engaged management
- Compliance with Applicable standards
- Time Saving
- Independent verification, accuracy and authenticity
- No cost for accounting system up-gradation & maintenance (if vendor solution is used)
JASB & Associates, a member of KS International; is a registered Chartered Accountant firm licensed by Institute of Chartered Accountants of Pakistan to undertake public practice. JASB has been issued a “Satisfactory QCR Rating” by Institute of Chartered Accountants of Pakistan.
JASB has the knowledge and experience to facilitate our clients for Compilation Engagements in accordance with applicable financial reporting standards. We have experience of best companies and other organizations in all economic sectors including MNCs and local well reputed groups.
Our compilation Engagement approach is exclusive focused upon our extensive industry knowledge, applicable financial reporting framework, and industry best practice to enhance the credibility of information for its intended users.
We render high-quality and cost- competitive services to our book keeping clients by making best use of technological resource. We do believe in providing value added services to our valued clients with respect to every engagement.