Compilation engagements by a cost accountant require clear management responsibility, documented scope, and no assurance on cost statements.

Compilation engagements by a cost accountant involve collecting, classifying and summarising costing information into cost statements without performing a cost audit or review and without expressing assurance. The engagement should be clearly documented in an engagement letter covering scope, information to be supplied by management, management responsibility for accuracy and completeness, intended use and distribution, and report form. The cost accountant must understand the entity's business and records, maintain documentation, seek corrections for misstatements, withdraw if necessary information is withheld, and disclose material departures from the applicable cost reporting framework where required.

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