Document background
The Compilation Engagement Letter is a crucial document used in Nigerian professional accounting practice when a client engages an accounting firm to assist in the preparation and presentation of financial information. This document, governed by ISRS 4410 and Nigerian regulatory requirements, is typically used when businesses need professional assistance in compiling financial information but don't require an audit or review. The letter establishes the nature and limitations of the compilation engagement, clearly defining that no assurance will be expressed on the financial information. It's particularly relevant for small and medium-sized enterprises in Nigeria seeking professional accounting assistance while maintaining compliance with local regulatory requirements.
