key notes when considering the draft of a compilation report ...

The following are some key notes when considering the draft of a compilation report: 

• ​Management is responsible for the accompanying financial statements.
• Which comprise the balance sheets as of [xxx] and the related statements of income, changes in stockholders’ equity, and cash flows
• For the years then ended, and the related notes to the financial statements in accordance with the accounting principles generally accepted in the United States of America. 
• We have performed compilation engagements in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. 
• We did not audit or review the financial statements nor were we required to perform any procedures to verify accuracy or completeness. 
• Accordingly, we do not express an opinion, a conclusion, nor provide any form of assurance on these financial statements. 

cc: Audit