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.
The entire team at Faris CPA was outstanding to work with. I approached the firm after I lost trust in my previous CPA to properly deal with my offshore reporting. I consulted with Faris CPA and decided to hire the firm. Faris CPA took my case seriously and considering the time constraints, the team worked beyond business hours including weekends and was able to file all returns under the voluntary disclosure program and I became protected under this program and I finally got a peace of mind. Faris CPA is the best tax accounting and the best CPA firm in Toronto that I highly recommend to hire for any issue with the CRA.
Sam Faris was recommended to me by my best friend as the best tax accountant in Toronto to handle my unfilled corporate and personal tax returns to avoid any escalation with the CRA. Since my file is time sensitive, he prioritized my file and made sure that the process flows perfectly without any delays. In addition, he made sure that all his work is prepared in a way to protect me from the CRA if CRA to perform a tax audit. Needless to mention that he performed a smart tax planning and saved me significant amount of taxes. Finally, he filed all returns under the voluntary disclosure program where he saved me the penalties too. I am very grateful to Sam for all his hard work and I recommend him as he is the best tax consultant and the best CPA in Toronto to handle all tax problems with the CRA.
I needed help with my tax audit with the CRA and was looking for the best tax accountant and the best tax advisor in Toronto who can successfully handle my case without promising the moon and achieving nothing. I did a thorough search online before involving Mr. Faris. When I found him online I found out that he helped my best friend resolving her tax audit issue too and she highly recommended him. When I met with him at his office, I explained the problem and he reviewed all communication with respect to the CRA audit that I am facing. I hired Sam to deal with the tax audit and the results that he achieved for me were beyond expectations. He was able to confidently represent me with the CRA and his work is unbeatable. Don’t waste your money and hire Faris CPA the best tax consulting firm in the country.
I was dealing with a stressful CRA issue, and Sam Faris handled it perfectly from start to finish. Hands down the best tax accountant in Toronto.