Compilation Form of Report Compilation with full disclosure requires disclosures in accordance with GAAP Compilation that omits substantially all disclosure This type of statement is usually expected to be used primarily for management purposes only Compilation without independence. A CPA firm can issue a compilation report even if it is not independent with respect to the client, as defined by the Code of professional Conduct.Arens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. • Compilation with full disclosure requires disclosures in accordance with GAAP. • Compilation that omits substantially all disclosures. This type of statement is usually expected to be used primarily for management purposes only. • Compilation without independence. A CPA firm can issue a compilation report even if it is not independent with respect to the client, as defined by the Code of Professional Conduct. Compilation Form of Report