Reviews and Compilations
MVO® Chartered Professional Accountants has extensive experience with providing accounting services for a wide variety of small business clients. We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency.
All incorporated businesses are, by law, required to present audited financial statements to their shareholders, unless all shareholders agree in writing to waive the appointment of auditors. However, for many businesses, the additional costs may outweigh the benefits of more rigorous scrutiny. We can help you determine the level of assurance most beneficial for your business and tailor the work to meet your needs.
MVO® CHARTERED PROFESSIONAL ACCOUNTANTS OFFERS Two LEVELS OF ENGAGEMENTS:
Review - A review provides a moderate level of assurance and requires significantly less work to complete the engagement. Based on Canadian, generally accepted standards, we use primarily inquiry, analysis, and discussion to determine that the financial information provided by management is plausible.
Compilation - If your business has minimal external reporting requirements and you are actively involved in daily operations, a compilation engagement is a low cost, non-assurance alternative. For the compilation, we create easy-to-read financial statements from information provided to us. A compilation is most appropriate when prepared primarily for use by management/owner or meeting tax filing requirements.