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A Compilation Engagement Letter is essential when a business requires professional assistance in compiling financial information without providing assurance services. This document, governed by Singapore's regulatory framework, establishes the professional relationship between the accounting firm and the client. The letter outlines the nature of compilation services, clearly stating that no audit or review will be performed, and details both parties' responsibilities. Used primarily when businesses need help preparing financial statements but don't require an audit or review engagement, the Compilation Engagement Letter serves as a crucial risk management tool while ensuring compliance with professional standards.

1. Addressee Details: Client's name, position, and business address at the start of the letter

2. Engagement Objective: Clear statement of the compilation engagement purpose and nature of services

3. Scope of Services: Detailed description of compilation services to be provided, including reference to SSRS 4410

4. Management Responsibilities: Client's responsibilities regarding information provision, accuracy, and compliance with relevant laws

5. Practitioner Responsibilities: Accountant's responsibilities, service limitations, and professional standards compliance

6. Fee Structure: Professional fees, payment terms, and billing arrangements

7. Confidentiality Statement: Commitment to maintain client confidentiality in accordance with PDPA and professional standards

8. Acceptance and Acknowledgment: Signature blocks and acceptance terms for both parties