23 February 2017
ACCOUNTANT’S REPORT ON COMPILATION OF UNAUDITED FINANCIAL STATEMENTS
On the basis of the accounting records and other information and explanation provided to us, we have compiled the unaudited balance sheet of “Mr. XYZ” as at 31st March, XXX and the related profit and loss for the period then ended.
“Mr. XYZ” is responsible for –
(a) Completeness and accuracy of the underlying data and complete disclosure of all material and relevant information to the accountant. (b) Maintaining adequate accounting and other records and internal controls and selecting and applying appropriate accounting policies. (c) Preparation and presentations of financial statements in accordance with the applicable laws and regulations, if any. (d) Establishing controls to safeguard the assets of the entity and preventing and detecting frauds or other irregularities. (e) Establishing controls for ensuring that the activities of the entity are carried out in accordance with the applicable laws and regulations and preventing and detecting any non-compliance.
The compilation engagement was carried out by us in accordance with the Standard on Related Services (SRS) 4410, “Engagements to Compile Financial Information”, issued by the ICAI.
The balance sheet and the profit and loss account are in agreement with the books of account. We have not audited or reviewed these financial statements and accordingly express no opinion thereon.