I'm a paragraph. Click here to add your own text and edit me. It’s easy. Just click “Edit Text” or double click me to add your own content and make changes to the font. Feel free to drag and drop me anywhere you like on your page. I’m a great place for you to tell a story and let your users know a little more about you.
Compliance may not be your strength. It is ours.
Maintaining accurate and verifiable financial records can be a challenge for any business or entrepreneur. We have the experience to make sure it’s as easy as possible.
Audited Financial Statements
Numbers Plus will help you comprehend your financial statements.
A financial statement audit is the examination of an entity's financial statements and accompanying disclosures by an independent auditor. The purpose of a financial audit is to provide an opinion on the fairness of the presentation of the financial statements. This is performed through independent examination of the organization and the financial statements.
An audit is usually required by third party users such as lenders or investors or Not For Profit organizations.
Audits are performed under the Canadian Auditing Standards reporting on Accounting Standards for Private Enterprises “ASPE” or Accounting Standards for Not For Profit Organizations “ASNPO” as set forth by CPA Canada. The reporting includes a full set of financial statements including balance sheet, income statement, cash flow statement, a summary of significant accounting policies and notes to the financial statements.
(Notice to Reader) Financial Statements
A common form of preparing financial statements
Compilation (previously known as Notice to Reader or NTR) financial statements are lower in cost to prepare, however, they do not provide assurance that a review or audit would. An accountant will compile the information into a standardized reporting format while adhering to professional standards as opposed to providing an opinion, or conclusion, about the reliability of the financial information.
Financial Statement Preparation
Review Engagement Financial Statements
A review engagement financial statement is narrower in scope than an audit. All review engagements follow the Canadian Standards for Review Engagements CSRE 2400 reporting on Accounting Standards for Private Enterprises “ASPE” or Accounting Standards for Not For Profit Organizations “ASNPO” as set forth by CPA Canada.
Review engagements are usually requested by lenders or investors. The reporting includes a full set of financial statements including balance sheet, income statement, cash flow statement, a summary of significant accounting policies and notes to the financial statements.