Core services
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Core service
We prepare compilation (formerly Notice to Reader) and review engagement financial statements for owner-managed businesses, lenders, investors and government programs.
Every set of statements follows Canadian accounting standards for private enterprises (ASPE) or International Financial Reporting Standards (IFRS), as your stakeholders require, and is backed by a complete working-paper file, so you can answer questions from your bank or the CRA with confidence.
Our process
We confirm the level of assurance your bank, investors or program actually requires, so you never pay for more than you need.
We collect your trial balance, bank statements and supporting documents through a secure portal.
We post year-end adjustments, reconcile accounts and prepare draft statements with notes.
We walk you through the results, answer questions and issue the final signed report.
FAQ
A compilation presents your financial information in statement form with no assurance; the accountant does not verify the numbers. A review engagement provides limited assurance through analysis and inquiry, and is often required by lenders for larger credit facilities.
Yes. Every corporation filing a T2 return must include financial information (the GIFI schedules), and most owner-managed businesses prepare annual compilation statements to support it.
With clean, reconciled books, a compilation is typically completed within two to three weeks. Reviews take longer because of the additional analysis and inquiry procedures.
Further reading
Year-end tax checklist for Ontario small businesses in fiscal 2026: clean books, owner pay, bonus accruals, CCA timing, slip deadlines, HST, instalments and EHT.
Read article
Compilation vs. review vs. audit: how the three Canadian engagements differ in assurance, cost and timing, and who requires each one in Ontario.
Read article
Free consultation
Book a free 15-minute consultation about Financial Statement Preparation. We will confirm what you need and quote a fixed fee before any work begins.
