Compilation is an engagement in which accounting and financial reporting expertise is applied to assist management in the preparation and presentation of financial information of an entity in accordance with an applicable financial reporting framework. Different financial reporting frameworks can be used to prepare and present financial information, ranging from a simple entity-specific basis of accounting to established financial reporting standards (e.g. IFRS).

Compilation engagement are not assurance engagements and are covered by International Standards on Related Services (ISRS).