We solve serious CRA tax problems

Review & Compilation Services

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Many companies provide their financial statements, along with a CPA’s report, to lenders, investors, suppliers and customers. These stakeholders may gain different levels of assurance based on the type of financial statement provided.

A Review consultation provides stakeholders with limited assurance that no material modifications need to be made to the financial statements in order to be in conformity with the financial reporting framework.

A Compilation provides stakeholders with a general understanding of your business, the accounting principles used, and the financial reporting systems present. It also presents your financial information in the appropriate, accepted format.

The tasks require diligence and experience. Faris CPA’s superior corporate tax accountant provides thorough business tax services and innovative solutions that are just right for you and your business.

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Chartered Professional Accountant in Canada, U.S. and U.K.

FAQS

What is the difference between a compilation and a review?
A compilation is a basic summary of your company’s financial statements written by a CPA using your company’s data. On the other hand, in a review engagement, the auditor conducts analytical procedures and makes inquiries to ascertain whether the financial statements’ information is correct.
Is a compilation an attestation service?
Yes, a compilation is an attestation service because a Chartered Professional Accountant (CPA) should conclude the reliability of a company’s financial statement to produce the document. This scenario is usually applicable to private companies.
Is a compilation an assurance service?
No, a compilation is not an assurance service because it doesn’t provide any assurance on an organization’s financial statements. There are no testing or analytical procedures performed during a compilation.
I was refered to Faris CPA by my lawyer and he recommended the firm as the best tax consulting firm to handle the audit with the CRA. Met with Sam and his team and hired the firm accordingly. Their approach was very unique and the counter analysis they provided to the auditor was unbeatable. Long story short, the audit ended to my satisfaction and I did not have to appeal it which is more saving and less unnecessary emotions and sleepless nights. I highly recommend Faris CPA as the firm has the best CPAs to handle any type of tax audits with the CRA.
Was looking for a tax consultant to help me with the tax audit with the CRA. Found Sam Faris and he was able to resolve the issue to my satisfaction. Sam is the best CPA that I highly recommend for any disputes with the CRA and all tax audits with the CRA.
Thank you Sam for all your help. You are the best tax consultant in town. Very high work standards too. Anyone who has tax audit with the CRA hire Sam he can save you. Top and best CPA. I cant thank you enough. Life saver.
A few months ago I consulted with Mr. Faris about my tax situation and the option to correct my returns under the Voluntary Disclosure Program. He was very helpful, very patient and honest and very informative. I decided to hire him accordingly. He and his team worked on my file 7/24 and submitted all returns under the Voluntary Disclosure Program. CRA accepted Faris CPA package with no problem. As a result, the penalty amounts came out to zero. Thank you to Faris CPA team especially Sam Faris for all the hard work and the commitment to my case. If you are looking for the best tax consultant and the best tax advisor and best CPA in Toronto, hire Faris CPA and you will absolutely be making the life saving decision.