A Compilation requires the assembling of financial data from your accounting records and presenting, in the form of financial statements, information that is the representation of management (owners) without undertaking to express any assurance on the statements. The information gathered may also help in determining your need for additional accounting services. A compilation will provide the assistance needed to prepare meaningful financial statements.Compilations is an appropriate description of what the accountant actually does when engaged to provide this type of service.Compilations or Notice to Reader financial statements are the most basic financial statements