Standard on Related Services (SRS) 4410 “Compilation Engagements”   deals with the concept. Provisional Financial Statements /  Compilation of Information may be prepared as per this standard.   The purpose of this Standard is to establish standards on professional responsibilities of an accountant when an engagement to compile financial statements or other financial information is undertaken and the form and content of the report to be issued in connection with such a compilation so that the association of the name of the accountant with such financial statements or financial information is not misconstrued by a user of those statements or information as having been audited by him.

The member has to comply with SRS 4410 while preparing Provisional  Financial Statements / Compilation of Information and has to obtain UDIN for the same.