Compilation engagement is an engagement in which a practitioner applies accounting and financial reporting expertise to assist management in the…

(i) As per SRS 4410, “Compilation Engagements”, financial information that is the subject of a compilation engagement may be required for various purposes including: To comply with mandatory periodic financial reporting requirements established in law or regulation, if any orFor purposes unrelated to mandatory financial reporting under relevant law or regulation, including for example:For management or those charged with governance, prepared on a basis appropriate for their particular purposes (such as preparation of financial information for internal use).For periodic financial reporting undertaken for external parties under a contract or other form of agreement (such as financial information provided to a funding body to support provision or continuation of a grant).For transactional purposes, for example, to support a transaction involving changes to the entity's ownership or financing structure (such as for a merger or acquisition).