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.
Sam Faris and his team did an excellent work in fighting the CRA audit. They were strategic, efficient and smart from the beginning to the end. If you are looking for the best tax advisor and the best CPA to handle your CRA audit and any disputes with the CRA, Faris CPA is the firm to hire.
Sam helped me to clean up all the mess that my previous accountant has created. My corporate books were heavily audited by the CRA as a result of significant filling mistakes. The audit expanded to be a net worth audit for my household. With Sam strategy, knowledge and excellent service and commitment, the CRA audit has ended and I did not have to appeal the audit decision. This was a huge saving. After dealing with few CPAs and tax advisors, Sam is the best tax consultant who can be trusted to deal with any type of CRA audits.
Sam Faris is extremely reliable , trustworthy and with high business standards. He helped me with the voluntary disclosure program. His tax skills and services are beyond expectations. I can’t thank him enough as he saved my life. He is the best tax consultant and the best CPA that anyone wish to have in case of CRA audits and voluntary disclosures program matters.
I highly recommend Faris CPA firm