The compilation standards do not require practitioners to obtain a management representation letter, but this does not mean that it's not a prudent thing to do.

Is management representation letter mandatory?

The CEO and the most senior accounting person (such as the CFO) are usually required to sign the letter. The letter is signed following the completion of audit fieldwork, and before the financial statements are issued along with the auditor's opinion.

Does a compilation require an engagement letter?

Section 80, Compilation Engagements, which provides requirements and guidance when an accountant is engaged to perform a compilation on historical financial statements. ... The accountant is required to obtain an engagement letter signed by both the accountant and the client's management.