Notice To Reader

The objective of a compilation engagement is to compile unaudited financial information into financial statements.

A compilation engagement is appropriate where the client and other users do not need financial information that conforms in all respects to generally accepted accounting principles, and a certified Accountant usually attaches a “Notice to Reader” that states no review was performed on the information.

Many businesses only need their financial statement presentation to conform to the Canadian Income Tax Act. The NTR report that accompanies the financial statements states:

• The nature of the assignment - to compile date received from the sole proprietor or management into a set of financial statements.
• The scope and limitations - clearly states that a review or audit was not performed nor accuracy of data verified.
• A caution to readers - that the statements may not be appropriate for their use.
• Who prepared the report - lets the reader know the competence / professional status of the person / firm preparing the report.

Let our accounting team prepare your compilation engagements for you.

Simply call 647-243-3697 to speak directly to our Accounting Team. You can also email us at info@sakprofessional.ca