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Independent Standard Compilation Report

INDEPENDENT STANDARD COMPILATION REPORT

To Management of
XYZ Company
Prior Lake, MN  55372

I have compiled the accompanying balance sheet of XYZ Company (a Minnesota Corporation) as of December 31, 20XX, and the related statements of income and retained earnings and cash flows for the year then ended.  I have not audited or reviewed the accompanying financial statements and, accordingly, do not express an opinion or provide any assurance about whether the financial statements are in accordance with accounting principles generally accepted in the United States of America.

Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America and for designing, implementing, and maintaining internal control relevant to the preparation and fair presentation of the financial statements.

My responsibility is to conduct the compilation in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants.  The objective of a compilation is to assist management in presenting financial information in the form of financial statements without undertaking to obtain or provide any assurance that there are no material modifications that should be made to the financial statements.

___________________________
Firm Signature

___________________________
Report Date

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