FINANCIAL REPORTING SERVICES · SSARS / AR-C SECTION 80 · NO ASSURANCE
Financial StatementCompilation & CPAReporting Services
CPA compilation engagements designed to turn management-provided financial information into clear, professionally presented financial statements for owners, lenders, management, and other intended users — without providing assurance.
Licensed CPA-Led Compilation
SSARS / AR-C Section 80
U.S. GAAP & Special-Purpose Frameworks
No Assurance
COMPILATION REPORTING STRUCTURE
SSARS AR-C 80
Assurance Classification
No Assurance Expressed
Compilation
No Assurance
Review
Limited Assurance
Audit
Reasonable Assurance
Compilation Workflow
01
Acceptance & Framework
Scope, management responsibility & reporting framework
Confirmed
02
Management Information
Trial balance, general ledger & underlying records
Provided
03
Compile & Present
Framework-aligned financial statement presentation
Compiled
04
Read & Address Matters
Read statements for form & obvious misstatements
Reviewed
05
Compilation Report
Accountant’s compilation report issued (no assurance)
Delivered
Management Information · Professional Presentation · CPA Reporting · No Assurance
SERVICE BRIEF
Financial Statement Compilation
for Private & Non-Public Companies
At Jay & Co. CPA PLLC, we provide financial statement compilation engagements for private and non-public companies that need professionally presented financial statements and an accountant’s compilation report, but do not require assurance.
A compilation is performed under applicable Statements on Standards for Accounting and Review Services (SSARS), including AR-C Section 80. We assist management in presenting financial statements from information management provides. We do not express an opinion, conclusion, or assurance on those statements.
Financial statements may be compiled under U.S. GAAP or an appropriate special-purpose framework, such as cash basis or income tax basis. The presentation and disclosures are tailored to the selected framework and intended use, subject to applicable professional requirements.
THE COMPILATION OBJECTIVE
Present management-provided financial information in a professional format under the selected reporting framework and issue an accountant’s compilation report — without assurance.
Compilation Engagement Foundations
Disciplined execution under AICPA Statements on Standards for Accounting and Review Services (SSARS AR-C Section 80) tailored for privately held businesses.
Management-Provided Data
The CPA compiles statements directly from records, trial balances, and ledgers supplied by management.
No Assurance Standard
No opinion, conclusion, or assurance is expressed; does not audit or verify source records.
Management Responsibility
Management remains responsible for the financial statements, accounting framework, and internal controls.
Professional Presentation
Ensures clean classification, appropriate formatting, and structured accounting framework alignment.
Applicable Standard:
SSARS / AR-C Section 80
COMPILATION ENGAGEMENT FRAMEWORK
Compilation Engagement Framework
A structured CPA reporting process for professionally presented non-public financial statements.
STAGE 01
Engagement Acceptance & Reporting Framework
Confirm scope, management responsibility, reporting framework, intended use, and independence status.
Deliverable
Engagement Letter & Framework Confirmation
STAGE 02
Management-Provided Financial Information
Use management-provided records, schedules, and financial information as the basis for the engagement.
Deliverable
Source Schedules & Trial Balance Baseline
STAGE 03
Compile & Present Financial Statements
Assist management in presenting financial statements under the selected reporting framework.
Deliverable
Formatted Financial Statements & Captions
STAGE 04
Read Statements & Address Obvious Matters
Read the statements for appropriate form and obvious material misstatements.
Deliverable
Form Evaluation & Note Consistency Check
STAGE 05
Accountant’s Compilation Report
Issue the accountant’s compilation report stating that no assurance is provided.
Deliverable
Accountant’s Compilation Report
Sequence:
01 Acceptance
02 Management Data
03 Statement Presentation
04 Form Evaluation
05 Compilation Report
Structured CPA Reporting • Framework-Aligned Presentation • No Assurance
REPORTING CAPABILITIES
Compilation Services We Provide
Our CPA compilation practice delivers structured, professional financial statement reporting across annual, interim, comparative, special-purpose, and custom-disclosure frameworks without assurance.
Year-End Reporting
Annual Financial Statement Compilations
01
Year-end compilations for private and non-public entities needing professionally presented financial statements.
Presentation Detail:Complete balance sheet, income statement, equity, and optional cash flows presentation.
Periodic Management
Interim Financial Statement Compilations
02
Monthly, quarterly, or other interim compilations for management, lenders, owners, or other users.
Presentation Detail:Consistent periodic reporting packages for management and financing institutions.
Trend Reporting
Comparative Financial Statement Compilations
03
Comparative statements covering multiple periods for consistent period-over-period reporting.
Presentation Detail:Prior-year and current-year side-by-side statement formats with aligned captions.
Multi-Entity Groups
Consolidated or Combined Financial Statement Compilations
04
Compiled statements for groups with subsidiaries or affiliated entities, where appropriate.
Presentation Detail:Multi-company presentation reflecting parent-subsidiary or related corporate operating groups.
Accrual Framework
U.S. GAAP Financial Statement Compilations
05
Compiled financial statements presented in accordance with U.S. GAAP.
Presentation Detail:U.S. GAAP presentation standards, classification conventions, and relevant notes.
Alternative Bases
Special-Purpose Framework Compilations
06
Cash-basis or income-tax-basis compilations when appropriate for the intended users.
Presentation Detail:Clear presentation aligned with tax returns or cash transactions as selected by management.
Principal & Net-Worth
Personal Financial Statement Compilations
07
Compiled personal financial statements for lending, financing, or net-worth reporting.
Presentation Detail:Statements of financial condition based on estimated current values for individuals.
Disclosure Customization
Full or Reduced-Disclosure Compilations
08
Full disclosures, selected disclosures, or substantially all disclosures omitted, where permitted and appropriate, with the omission disclosed in the compilation report.
Presentation Detail:Tailored footnote reporting meeting specific user constraints under SSARS guidelines.
COMPILATION METHODOLOGY
A Structured, Efficient Compilation Approach
A compilation supports professional financial statement presentation rather than assurance. Our process focuses on management responsibility, the selected reporting framework, clear classification and presentation, and the accountant’s required compilation report.
STEP 01
Engagement Scoping
Engagement Terms & Management Responsibility
We confirm the scope, intended use, reporting framework, management responsibilities, and applicable independence considerations.
SSARS AR-C 80 Standard
STEP 02
Framework Selection
Applicable Financial Reporting Framework
We identify the framework selected by management — such as U.S. GAAP, cash basis, or income tax basis — and structure the statements accordingly.
SSARS AR-C 80 Standard
STEP 03
Information Ingestion
Management-Provided Financial Information
We use the trial balance, general ledger, schedules, and other financial information supplied by management as the basis for the engagement.
SSARS AR-C 80 Standard
STEP 04
Statement Formatting
Classification & Financial Statement Presentation
We assist management in presenting assets, liabilities, equity, revenue, expenses, cash flows, and related captions in a clear, professional format.
SSARS AR-C 80 Standard
STEP 05
Note Presentation
Accounting Policies & Disclosures
Where disclosures are included, we assist management in presenting notes and accounting policies appropriate to the selected reporting framework.
SSARS AR-C 80 Standard
STEP 06
Form Evaluation
Read the Financial Statements
We read the compiled statements in light of the reporting framework and significant accounting policies for appropriate form and obvious material misstatements.
SSARS AR-C 80 Standard
STEP 07
Quality Resolution
Corrections & Management Follow-Up
If information appears incomplete or incorrect, or the statements appear misleading, we request additional or corrected information before completion, and we withdraw from the engagement if it is not provided.
SSARS AR-C 80 Standard
STEP 08
Report Issuance
Accountant’s Compilation Report
We issue the accountant’s compilation report clearly stating that no opinion, conclusion, or assurance is provided.
SSARS AR-C 80 Standard
FINANCIAL REPORTING FOCUS
Financial Statements & Reporting Areas We Can Compile
The compilation is based on information supplied by management and the selected reporting framework. We can assist in presenting a complete set of financial statements or other appropriate statements, with disclosures where applicable.
REPORTING DOMAIN 01
Core Financial Statements
Primary statement components compiled in accordance with the selected accounting presentation framework.
Balance Sheet / Statement of Financial Position
Income Statement / Statement of Operations
Statement of Cash Flows
Statement of Stockholders’ or Members’ Equity
Comparative and multi-period financial statement presentation
CPA Presentation
No Assurance
REPORTING DOMAIN 02
Working Capital & Asset Captions
Clear classification and structured presentation of operational assets and short-term capital.
Cash and bank account presentation
Accounts receivable and allowance presentation
Inventory and cost of goods sold classifications
Property, equipment, and accumulated depreciation
Revenue and expense classifications
CPA Presentation
No Assurance
REPORTING DOMAIN 03
Obligations, Equity & Disclosures
Structured presentation of liabilities, debt structures, capital transactions, and note disclosures.
Accounts payable and accrued liabilities
Debt and financing arrangements
Equity, capital contributions, and distributions
Related-party balances and transactions
Notes to the financial statements, when included
CPA Presentation
No Assurance
PRACTICAL APPLICATIONS
When Compiled Financial Statements Are Especially Useful
A compilation engagement provides an efficient, cost-effective reporting solution when stakeholders require professional CPA presentation without the scope and cost of assurance.
USE CASE 01
Bank & Lender Reporting
CPA-compiled statements for borrowing, renewals, or covenant reporting when compilation-level reporting is accepted.
Business Purpose
Credit lines, small business loans & lender reporting packages
USE CASE 02
Owner & Management Reporting
Consistent, professional financial statements for owners, executives, and internal decision-makers.
Business Purpose
Executive dashboards, partner meetings & operational review
USE CASE 03
Board & Governance Reporting
Clear periodic financial statements for boards and those charged with governance.
Business Purpose
Advisory boards, directors & quarterly governance reviews
USE CASE 04
Smaller Private Companies
Professional CPA-compiled statements when intended users do not require assurance.
Business Purpose
Privately held businesses, startups & growing family enterprises
USE CASE 05
Contractual & Third-Party Requirements
Meet contractual or third-party reporting requirements when a compilation satisfies the specified service level.
Business Purpose
Vendor agreements, commercial leases & licensing compliance
USE CASE 06
Tax & Special-Purpose Reporting
Present financial statements on cash, income tax, or another appropriate framework when suitable for the purpose.
Business Purpose
Tax-basis presentation, cash-flow matching & schedule prep
PROFESSIONAL STANDARDS
Professional CPA Compilation
Built on SSARS Requirements
Our compilation engagements for non-public entities are performed under Statements on Standards for Accounting and Review Services (SSARS), issued by the Accounting and Review Services Committee of the AICPA. A compilation is not an audit, a review, or an attest engagement, and it provides no assurance. Its purpose is professional financial statement presentation under the selected framework, together with an accountant’s compilation report.
STANDARD 01
SSARS / AR-C Section 80
Compilation engagements are performed under AR-C Section 80, Compilation Engagements, which governs the accountant’s responsibilities and the required form of the compilation report.
SSARS Provision
AICPA SSARS Standard
STANDARD 02
Applicable Financial Reporting Framework
Financial statements may be compiled under U.S. GAAP or an appropriate special-purpose framework, such as cash basis or income tax basis.
SSARS Provision
Presentation Options
STANDARD 03
No Assurance
No opinion, conclusion, or assurance is expressed. We do not audit or review the financial statements and are not required to verify the accuracy or completeness of the information management provides.
SSARS Provision
Assurance Limitation
STANDARD 04
Independence Considerations
Independence is not required for a compilation. If we are not independent, the compilation report discloses that fact, as required by AR-C Section 80.
SSARS Provision
Reporting Disclosure
STANDARD 05
Management Responsibility
Management remains responsible for the financial statements, selected reporting framework, relevant internal control, and the accuracy and completeness of information provided.
SSARS Provision
Management Ownership
CRITICAL SERVICE CLARITY
WHAT NO ASSURANCE MEANS
In a compilation, the accountant assists management in presenting financial statements and issues a compilation report. The accountant is not required to verify the accuracy or completeness of management-provided information or perform procedures to obtain assurance.
No opinion, conclusion, or assurance is expressed. Management remains responsible for the financial statements.
CPA Reporting & Assurance Spectrum: Compilation vs. Review vs. Audit
Clear distinction of engagement scope, procedures, and reporting levels across AICPA engagement standards.
| Engagement Attribute | Compilation (AR-C 80) | Review (AR-C 90) | Audit (U.S. GAAS) |
|---|---|---|---|
| Primary Objective | No Assurance Assist management in presenting financial statements and issuing a compilation report | Limited Assurance Obtain limited assurance that no material modifications are needed | Reasonable Assurance Obtain reasonable assurance that statements are free from material misstatement |
| Procedures Performed | No Assurance Read statements for appropriate form and obvious misstatements; no analytical testing | Limited Assurance Inquiries of management and analytical review procedures | Reasonable Assurance Substantive testing, confirmations, physical inventory observation, and controls testing |
| Source Records Verification | No Assurance Not required to verify accuracy or completeness of management-provided information | Limited Assurance No examination of underlying source records or transactional documents | Reasonable Assurance Rigorous sampling and testing of underlying transactional source documentation |
| Internal Control Evaluation | No Assurance No evaluation or testing of internal control | Limited Assurance No evaluation or testing of internal control | Reasonable Assurance Required understanding and testing of internal controls relevant to the audit |
| Level of Assurance | No Assurance No Assurance | Limited Assurance Limited (Negative) Assurance | Reasonable Assurance Reasonable (High, Positive) Assurance |
| Accountant’s Report | No Assurance Accountant’s Compilation Report (states no assurance) | Limited Assurance Independent Accountant’s Review Report | Reasonable Assurance Independent Auditor’s Report (Audit Opinion) |
COMPLEMENTARY CPA SERVICES
Explore Related Reporting & Assurance
ENGAGEMENT ACCEPTANCE & REPORTING
Professional Financial Statements.
Clear CPA Reporting.
Whether compiled financial statements are needed for a lender, owners, management, a contract, or periodic reporting, Jay & Co. CPA PLLC delivers an efficient, professionally executed compilation designed to present financial information clearly — without implying assurance.
CPA Compilation
•
Non-Public Companies
•
SSARS / AR-C Section 80
•
U.S. GAAP & Special-Purpose Frameworks
•
No Assurance
Direct Phone
Inquiries
Office
Kalispell, Montana • Remote U.S.
RECOMMENDED WEBSITE DISCLOSURE
Compilation services are provided only where Jay & Co. CPA PLLC and its engagement partner hold the individual licenses, firm permits, and registrations required under applicable state laws, and only where applicable professional standards and peer review requirements are met. Engagements are subject to client acceptance procedures, conflict-of-interest considerations, applicable independence disclosures, availability of appropriate financial information, and execution of a signed engagement letter. Management remains responsible for the financial statements and for the information provided. A compilation is not an audit or a review, and provides no assurance. Nothing on this page is an offer to perform services in a jurisdiction in which the firm is not authorized to practice.