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.
Excellent tax firm. Very knowledgeable with tax issues with the CRA and efficient in communicating with clients. Had a very pleasant experience dealing with Sam and his team. More importantly, his prices are very reasonable considering his expertise and what he provides.
Need to deal with CRA. Sam and his team can help you.
Just called for some information, and the prompt response from a busy firm was very much appreciated!
I had a great experience with Sam Faris. He took care of everything in a very smooth, efficient, and honest matter. He has been my tax consultant for many years and I am happy to work with him. Thanks to Faris and his amazing team, he is the best in the business.