Document background
A Compilation Engagement Letter is a fundamental document used in professional accounting services within the United Arab Emirates when a client requires assistance in compiling financial information without providing assurance services. This document is essential when businesses need professional help in preparing financial statements or financial information but don't require an audit or review engagement. The letter, structured according to UAE regulations and international standards, outlines the terms under which the accounting firm will compile financial information, specifies the responsibilities of both parties, and clearly states that no assurance will be provided. It's particularly important in the UAE context where businesses must comply with specific financial reporting requirements while maintaining professional service standards. The Compilation Engagement Letter serves as a protective document for both parties by clearly defining the scope and limitations of the services to be provided.
