Page 232 - CA Final PARAM Digital Book.

5B. Withdrawal for Declined Amendments:
• If management declines or does not permit the proposed amendments, the practitioner must withdraw
from the engagement, notifying management and those charged with governance of the reasons.
5C. Determining Responsibilities if Withdrawal is Impossible:
• If withdrawal from the engagement is not possible, the practitioner should determine the professional and
legal responsibilities applicable in the circumstances.
6. Acknowledgment of Responsibility for Final Version: (Like WR)
• The practitioner should obtain acknowledgment from management or those charged with governance that
they are responsible for the final version of the compiled financial information.

QNO Documentation New Course – (SM23)
4410.400 TITANIUM CNO-- SRS 4410.100
Discuss main documentation requirements to be taken care of by a practitioner while performing a
compilation engagement under SRS 4410
Answer Documentation
Trial Balance & Other information:
• The practitioner may also consider including a copy of the entity’s trial balance, summary of
significant accounting records, or other information used to perform the compilation in the
engagement documentation.

Record of Reconciliation:
• The documentation should include a record of how the compiled financial information reconciles
with the underlying records, documents, and other information provided by management.

Copy of Final Version and Report:
• The documentation must contain a copy of the final version of the compiled financial information
and the practitioner’s report, for which responsibility has been acknowledged by management or
those charged with governance.

Significant Matters:
• The practitioner shall document significant matters arising during the compilation engagement and
how those matters were addressed.

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