A compound engine assembly with an engine core including at least one internal combustion engine, a turbine section including a turbine shaft in driving engagement with the engine shaft, and a compressor, and a firewall. The compressor is located on one side of the firewall, and the turbine section and the engine core are located on the other side. The assembly may include a gearbox module with the turbine section and the engine core located on a same side of the gearbox module casing and the compressor located on the opposite side of the gearbox module casing, and with the firewall extending from the gearbox module casing. One or more rotatable accessory may be located on a same side of the firewall as the compressor. A method of reducing fire hazard in a compound engine assembly is also discussed.