(Formerly Notice to Reader)
Cost-effective, CPA-compiled financial statements prepared from your records — without the need for audit or review level assurance. Ideal for small businesses, stakeholder requirements, and internal decision-making.
Under the Canadian Standard on Related Services (CSRS) 4200, a compilation engagement involves a CPA compiling financial statements from information provided by management. No audit or review procedures are performed, making it the most affordable way to obtain professionally prepared financial statements.
Your CPA compiles financial statements from information you provide, ensuring proper formatting and presentation.
A compilation engagement does not provide assurance — making it the most cost-effective option for businesses that don't need audit-level scrutiny.
Perfect for owner-managed businesses, startups, and companies that need financial statements for internal use.
We prepare all necessary year-end adjusting entries and ensure your financial statements are complete and accurate.
A compilation engagement is the right choice for businesses that need professionally prepared financial statements without the cost and complexity of an audit or review.
Our compilation engagement delivers a complete set of financial statements along with professional guidance and year-end support.
A CSRS 4200 compliant compilation engagement report issued by your CPA.
Statement of financial position showing assets, liabilities, and equity at year-end.
Statement of income and expenses for the fiscal year, showing your net profit or loss.
Supporting notes that describe accounting policies and provide additional detail.
All necessary adjustments to ensure your books accurately reflect year-end balances.
A review meeting with management to discuss financial results and answer questions.
Not sure which engagement type is right for your business? Here's a quick comparison to help you decide.
Assurance Level
No assurance provided
Cost
Lowest cost
Best For
Internal use, stakeholder needs, small businesses
Assurance Level
Limited assurance
Cost
Moderate cost
Best For
Stakeholders requiring some assurance, mid-sized businesses
Assurance Level
Reasonable assurance
Cost
Highest cost
Best For
Regulatory requirements, public companies, large organizations
Get professionally prepared financial statements at a fraction of the cost of an audit or review. Contact us for a free consultation today.