Compilation
engagements
Financial Statements - Compilation Engagements
M Bloomberg Professional Corporation provides expert assistance with compilation engagements to help businesses present clear and reliable financial information.
Compilation Engagement Explained
The objective of a compilation engagement is to compile unaudited financial information into financial statements, schedules or reports based on information supplied by the client.
A compilation engagement is appropriate only where the client and other users do not need financial information that conforms in all respects to generally accepted accounting principles and audit or review assurance is not required, and where the client understands that the statements may not be appropriate for general purpose use.
A compilation may be applicable where financial statements are prepared for the exclusive use of the company's management or for income tax purposes.
Our compilation services involve gathering and organizing financial data into accurate financial statements that reflect your business’s performance. Although these engagements do not involve audits or reviews, we ensure that your financial statements are prepared in compliance with Canadian accounting standards.
Whether for internal decision-making or for stakeholders such as banks and investors, our compilation services offer a reliable snapshot of your business’s financial position, tailored to your needs.
Contact us today by email or call us at 905-474-0303 to get help with your individual tax preparation.
