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The Compilation Engagement Letter is a fundamental document used in the Netherlands when an accounting firm is engaged to assist in the preparation and presentation of financial information without providing assurance on that information. This document, essential for compliance with Dutch professional standards and regulations, establishes the framework for the compilation engagement by clearly defining the scope of services, responsibilities, and limitations. It is typically used when businesses require professional assistance in preparing financial statements but don't need an audit or review engagement. The letter must comply with Standard 4410 of the Nederlandse Beroepsorganisatie van Accountants (NBA) and relevant Dutch laws, making it a crucial document for both the accounting firm and the client to ensure mutual understanding and regulatory compliance.

1. Letterhead and Date: Professional firm's letterhead and current date

2. Recipient Details: Client's name, position, company name, and address

3. Subject Line: Clear indication that this is a compilation engagement letter

4. Opening Paragraph: Confirmation of the engagement request and brief context

5. Scope of Services: Detailed description of the compilation services to be provided, including the nature and limitations of a compilation engagement

6. Management's Responsibilities: Clear outline of client management's responsibilities regarding financial information and cooperation

7. Accountant's Responsibilities: Description of the accountant's professional obligations and the nature of services to be provided

8. Deliverables: Specific outputs and reports to be provided as part of the engagement

9. Timeline and Deadlines: Expected timeframes for the work and any critical deadlines

10. Professional Fees: Fee structure, billing arrangements, and payment terms

11. Professional Standards: Reference to applicable professional standards and regulations

12. Closing and Signatures: Request for agreement confirmation and signature blocks