English | Volume 1: Netherlands Standards on Auditing | 900 | 930 Engagements to Compile Financial Information terug

Section II Examples of auditors' reports
3 Compilation report on financial statements (930)


3.1 Compilation report (930)

To: Addressee 1)

Compilation report

In accordance with your instructions and on the basis of information provided by you 2), we have compiled the financial statements 3) of ... (name), ... (statutory seat), for the year XXXX4 (as set out on pages ... to ...) in accordance with standards for compilation engagements generally accepted in the Netherlands, for purposes of their presentation in conformity with accounting principles generally accepted in the Netherlands and the financial reporting requirements as included in Part 9 of Book 2 of the Netherlands Civil Code 5). These financial statements 3) are your 2) responsibility. We have not audited or reviewed these financial statements 3) and, accordingly, express no assurance thereon.

Place, date

Signature

N.B.: In case of reporting to foreign legal entities or auditors the IFAC example as set out above is recommended. In case of reporting to parties in the Netherlands the translation of the example as set out below could be used.

To: Addressee 1)

Compilation report

Introduction

In accordance with your instructions and on the basis of information provided by you 2), we have compiled the financial statements 3) of ... (name), ... (statutory seat), for the year XXXX 4) (as set out on pages ... to ...). The accuracy and completeness of the information provided and the financial statements 3) based thereon are your 2) responsibility. Our responsibility is to issue a compilation report on these financial statements 3).

Scope

We have compiled the financial statements 3) in accordance with standards for compilation engagements generally accepted in the Netherlands. Our procedures were limited primarily to gathering, processing, classifying and summarising financial information. These procedures do not provide the same level of assurance about whether the financial statements 3) are free of material misstatement as that provided by an audit or a review.

Confirmation

Based on the information provided to us, we have compiled the financial statements 3) in accordance with accounting principles generally accepted in the Netherlands and the financial reporting requirements included in Part 9 of Book 2 of the Netherlands Civil Code 5).

Place, date

Signature

1) If the compilation report is not addressed to the client, the words "In accordance with your instructions and" should be omitted.
2) The word "you" can be replaced by "the company's management" and the words "your responsibility" by "the responsibility of the company's management", or more appropriate descriptions.
3) Where a different title (e.g. "annual accounts") is used by the client, such title should be used instead of "financial statements".
4) Or: "for the year ended .. .... XXXX" (financial year not coinciding with calendar year).
5) Or the applicable legislation and/or standards. Where not applicable, the words "and the financial reporting requirements ... etc." may be omitted.