What we handle
(437) 561-6272Service | Accounting
Compiled or reviewed financial statements prepared by a licensed CPA for your lender, investor, or business partner.
Compilation & Review EngagementsCPA-prepared financial statements
Financial statements prepared by a CPA based on information provided by management. No assurance is provided.
When you need this: Your bank, lender, or partner requires financial statements prepared by a CPA. This is the most common level for private businesses.
Financial statements with limited assurance, a higher level of credibility than a compilation.
When you need this: Your lender, investor, or governance requirements demand a higher level of assurance than a compilation provides.
In their words
One of our Google reviews, word for word.
“Walla is very competent, knows what she’s doing, and is very helpful. I recommend her services 100% without reservation.”
A free 15-minute discovery call with Walla Assaf, CPA. A written scope and fee before any work starts.
A compilation involves preparing financial statements based on information and explanations provided by management, with inquiries as needed. No assurance is provided. A review goes further. It includes analytical procedures and more extensive inquiries, and the CPA issues a limited assurance report.
It depends on who is requesting the statements and what they require. Most private businesses need a compilation. If your lender or investor specifically asks for reviewed financial statements or limited assurance, then a review engagement is required. We can help you determine the right level.
Pricing depends on the complexity of your business and the type of engagement. We provide a clear quote before any work begins.
A T2 is your corporate tax return filed with the CRA. Compiled or reviewed financial statements are separate. They're prepared for lenders, investors, partners, or governance purposes. Some businesses need both.
A compilation typically takes up to one week and a review up to two weeks. In both cases, the timeline depends on how quickly we receive your documentation.
Keep the books right, the filings on time, and the CRA at bay.
All 13 services
ServiceAccounting
Your entire accounting function handled, bookkeeping, payroll, financial reporting, and tax filing under one monthly plan.
ServiceAccounting
CPA-prepared T2 corporate income tax returns, HST filing, and year-end slips.
ServiceAccounting
Proactive tax strategies tailored to your business and personal situation.
Only need answers? CPA Quick Support, from $99 a month
A free 15-minute discovery call, no commitment. Walla replies within two business days, either way.
Or call (437) 561-6272 · Monday to Friday, 9 to 5 (Eastern)
Client stories