Compilation

A Compilation engagement, formerly known as ‘Notice-to-Reader’, refers to a Chartered Professional Accountant (CPA) compiling unaudited financial statements based on the information provided by the client. This service usually involves assistance with bookkeeping, posting adjusting entries and preparing the annual tax return. Chartered Professional Accountants are required to comply with professional standards and abide by basic accounting principles.

Those not seeking assurance can choose a compilation engagement that allows an accountant to file your corporate tax return and provide related taxation planning. In addition, the client can consult us for management, bookkeeping, payroll and other business advice.

 

Benefits of a Compilation Engagement include:

• Providing a financial statement report in a format that allows for better readability and easier understanding
• Assisting management in preparing business tax returns by providing an overview of financial information
• Providing a global view of the financial health of the company before making important decisions for moving forward
• Enabling financial institutions to have an overview of the company’s financial status before granting a loan or other form of financing