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Financial Compilation Services in Sharjah, UAE
A compilation turns your accounting records into proper financial statements: a balance sheet, income statement and notes presented in a recognised format. It is the right choice when you need clear, professional accounts but do not need an audit or a review.
At Hussain Al Shemsi Chartered Accountants, we compile financial statements from the information you provide, apply the right presentation and disclosures, and point out anything that looks incomplete or unusual. You get accounts you can confidently share with banks, partners, authorities and your own team.
Compilation engagements at a glance
- Standard: International Standard on Related Services ISRS 4410 (Revised), Compilation Engagements.
- Assurance: none. We do not audit or review the figures, and the report says so clearly.
- Our role: we apply accounting and financial reporting expertise to collect, classify and summarise your financial information.
- Your role: management remains responsible for the financial information and the records behind it.
- Frameworks: IFRS, IFRS for SMEs or a special purpose framework agreed with you.
How can we help you?
Get in touch with Hussain Al Shemsi Chartered Accountants for expert auditing, accounting, tax, and advisory services in the UAE.
- +971 50 3636231
Our Compilation Services
Annual financial statements
Compiling year-end balance sheet, income statement, cash flow and notes from your records.
Monthly and quarterly accounts
Regular management accounts so owners can track performance through the year.
Statements for banks
Compiled accounts for facility applications and renewals where an audit is not required.
Licence and authority submissions
Financial statements for trade licence renewals and other submissions where compiled accounts are accepted.
Corporate Tax support
Accounts that form a sound basis for your Corporate Tax return and calculations.
Bookkeeping clean-up
Tidying up incomplete or inconsistent records before compiling the statements. See Accounting Services.
Compilation, Review or Audit?
- Compilation: no assurance; we prepare the financial statements from your information.
- Review: limited assurance through inquiry and analytical procedures. See Financial Review.
- Audit: reasonable assurance through detailed testing, required by many free zones and for certain Corporate Tax cases. See Statutory Audit.
Who Is a Compilation Suitable For?
- Small and medium mainland businesses that do not need an audit
- Start-ups preparing their first set of financial statements
- Owners who want clear accounts for decision-making
- Businesses applying for bank facilities where compiled accounts are accepted
- Companies that need a starting point before moving to a review or audit
Our Compilation Process
- Agree terms: we confirm the purpose, the framework and who will use the statements.
- Collect: we gather your trial balance, ledgers, bank statements and supporting records.
- Compile: we classify and summarise the information into financial statements with notes.
- Discuss: we raise any missing, inconsistent or unusual items with you and agree adjustments.
- Report: we issue the compiled financial statements with our compilation report.
Why Choose Hussain Al Shemsi
- Chartered Accountants who prepare statements that are clear, consistent and well presented. Meet our team.
- Honest advice on whether a compilation is enough or you need a review or audit.
- Tax-ready accounts that support your VAT and Corporate Tax filings.
- Based in Sharjah, supporting businesses across all seven emirates.
Frequently Asked Questions
What is a compilation engagement?
An engagement under ISRS 4410 (Revised) in which an accountant helps management prepare and present financial statements, without giving assurance on them.
Does a compilation include an audit opinion?
No. A compilation provides no assurance. The compilation report makes clear that the financial statements have not been audited or reviewed.
When is a compilation enough?
When no law, free zone authority, bank or tax rule requires audited or reviewed financial statements, and you mainly need clear, well-presented accounts.
Can compiled accounts be used for Corporate Tax?
They can support your Corporate Tax return, but businesses that are required to have audited financial statements must still have an audit.
What do you need from us?
Usually your trial balance, general ledger, bank statements, fixed asset details, and information on receivables, payables and inventory.
Who is responsible for the figures?
Management. We use our expertise to present the information properly and will point out anything that looks incorrect.
Get Clear, Professional Financial Statements
Talk to our team about compiled accounts, or whether you need a review or audit instead.
Official guidance: IAASB, ISRS 4410 (Revised).
