- Our accountants can provide monthly, quarterly, or annual financial statement compilations, which your management team can use for tax purposes or address your ongoing business needs. From ensuring your the filing of your annual tax return, to the related tax forms and compensation planning (T4, T5, GST) our team of experts will support you to ensure all of your needs are addressed.
- The objective of a compilation engagement is to present financial information without the accountant’s opinion or assurance. The numbers used in a financial statement compilation are provided by management and the accountant compiles the information into a standard financial statement format.
- The compilation involves the accountant reaching a general understanding of a business, its accounting, and reporting principles. However, verification procedures are not required. The CPA will not express an opinion or provide assurance that the financial statements are complete or accurate. Compilation engagements are used where audits or reviews are not required, for example where limited business and tax advice is required.