Financial Statements | Chartered Accountants - Business Management Services

Financial Statements

Have you been asked for a financial statement?

The financial statement you require depends upon the level of assurance you need. There are three types of financial statements:

We issue a Notice to Reader when the financial statement we prepare or assist in preparing is compiled only from information provided by our client.
This service includes assistance with bookkeeping, posting adjusting entries, and preparing the annual tax return.
A Notice to Reader – Compilation Engagement offers no assurance on financial statements.

We issue a Review Engagement Report when needed for bank or statutory requirements.
Our accountant determines the plausibility of the financial statements primarily through the use of enquiry, analytical procedures and discussions with the client.
Once we establish plausibility we issue a Review Engagement Report with the financial statements.
Review Engagements provide a lower level of assurance than an audit.

We audit financial statements when needed for bank or statutory requirements.
In addition to the Review Engagement procedures, we work closely with our clients to gain an understanding of their internal controls.
We issue an Auditors’ Report, which states that the company’s operations are in accordance with Generally Accepted Accounting Principles (GAAP).
We also issue an Audit Findings or Management Letter summarizing the accountant’s evaluation.
Audit Engagements provide a high level of assurance.

Through these engagements we gain an in-depth understanding of your business and can subsequently customize our services to meet your specific needs.

To find out which engagement best suits your needs please contact us.