Compilation engagements

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A professional look at your figures

Only medium-sized and large companies and organisations are legally obliged to have their annual accounts audited by an accountant. Many smaller companies do not have to bring in an accountant, but choose instead to have their annual accounts professionally compiled by an accountant. This gives them a secure feeling and often results in practical tips and advice.

Assisting SMEs

Smaller companies have different interests than large organisations. Entrepreneurs often have their hands full, and want to be able to blindly trust the accountant assisting them when it comes to administrative and tax issues. Mazars is well aware of that, because we have had a strong position in small and medium-sized enterprises for many years. Our employees have a lot of experience in carrying out compilation engagements for small and smaller companies.

The compilation engagement

The goal of a compilation engagement is collect, categorise and compile financial information in annual accounts or other financial reports. The engagement results in a compilation statement, which is added to the annual accounts. This statement does not provide the user of the annual accounts certainty. The added value of a compilation engagement is that an accountant draws up the annual accounts in a correct and precise manner. This tells the entrepreneur that the figures have come about in a professional way, which is also important to third parties, for instance the bank and/or tax department.

Tailored services

A compilation engagement is carried out according to fixed work programmes and Mazars standards, but the service to every client is still made-to-measure. Our professionals consider it evident to delve into the specific characteristics and particulars of their client. They have a close look at the administration, and translate this into annual accounts which present the figures correctly.

Sparring partner

Our accountants know their jobs, and act as a sparring partner in decisions on how business operations can be improved, for instance during the annual discussion about the annual accounts. During this discussion, we examine and analyse the annual accounts – using index figures and long-range overviews – and discuss the main plans for the future. Therefore, financial reports offer an opportunity to discuss prognoses and estimates.