Specialist service
Compiled financial statements for a bank, a buyer or a board.
Annual or interim financial statements with a compilation engagement report under CSRS 4200, prepared from a reconciled ledger.
Many lenders and buyers will accept compiled financial statements where an audit or review would be more than the situation warrants. A compilation engagement produces statements with a report that explains the basis on which they were prepared and states that no assurance is expressed on them.
Because the statements come from books we have reconciled all year, the compilation is the last step in a process rather than the start of a scramble.
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Annual compiled statements
Balance sheet, income statement and cash flow statement with a compilation engagement report under Canadian Standard on Related Services 4200.
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Basis of accounting note
A clear note describing the basis on which the statements were prepared, so the reader knows what they are looking at.
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Lender-ready format
Statements formatted to what your bank has asked for, delivered before the covenant reporting date.
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Interim compiled statements
Quarterly or half-yearly statements for a lender or shareholder agreement that requires them.
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Coordinated with the tax return
The compiled statements and the T2 prepared together, so the two agree.
- 06
When you need more than a compilation
If a lender or agreement requires a review or audit, we say so early and prepare the file for a licensed firm.
Deliverables, named in the engagement letter.
Scope, deadlines and fee are agreed in writing before work begins. What follows is what that letter typically lists for this service.
- Compiled financial statements with a CSRS 4200 report
- Basis of accounting note
- Delivery ahead of the lender's reporting date
Tell us where the books stand. We will tell you what it takes.
Describe the situation and you will get a straight answer about what the work involves, what it costs, and how soon it can begin. Nothing is billed until an engagement letter is signed by both sides.
Or call (647) 887-6942. Replies within one business day.