accounting and tax services

Get Help Compiling Your Financial Information

The compilation is simply a compiling of the information based on information provide by you and provides no assurance on the accuracy of your financial statements. Your company’s financial information is compiled using information gathered from existing records with no testing performed on the underlying data.

A compilation engagement is a good choice for owner-managers who need assistance in presenting their company’s financial information in the form of financial statements.

Soleimani Accounting CPA offers financial statement compilation services for small and medium businesses, entrepreneurs, and startups to help them achieve clear financial insights for better decision-making. 

What’s included in a Compilation Engagement?

Who is it for?

A compilation engagement is helpful for businesses seeking to organize their financial information in a professionally prepared report format for internal use or to share with stakeholders, such as lenders or investors.

By entrusting these critical financial tasks to an experienced professional, you receive comprehensive and accurate financial statement reports, in compliance with the Auditing and Assurance Standards Board (AASB) of CPA Canada. This service empowers clients to make informed financial decisions and ensures adherence to Canadian tax regulations, ultimately saving time, effort, and resources.

Please refer to our blog post for a deeper understanding of Accounting Engagements and Assurance Levels.

How does the process work?

The process involves compiling financial data from the client’s records and presenting it in a financial report format, without providing any assurance or opinion on the information. The accountant is not required to verify the accuracy of the data or perform any audit procedures.

During a compilation engagement, the professional will verify if the compiled financial data is intended for third-party use and if they have access to additional information. The process involves discussing the accounting basis, revising the engagement letter, and examining your business operations and accounting records. It also includes addressing significant judgments made during the compilation and answering any practitioner’s concerns about potentially misleading information.

What does the report look like?

You can expect a revamped report to be attached to your compiled financial information, offering a more explicit description of your obligations as management, the practitioner’s responsibilities, and a clarification of the limitations inherent in a compilation engagement.

You will be responsible for the final version of the financial data and the applied accounting basis. The new compilation engagement report will be attached to your compiled financial information.

Make Informed Decisions.

Curious about the costs for our Compilation Engagement services? Request a personalized quote tailored to your specific business needs. The team at Soleimani Accounting looks forward to meeting you soon.

Client Testimonials

We have been working with Mona Soleimani for over 5 years now. Our business is not a typical business and from day one Mona was able to competently manage all our accounting needs. We are fortunate to have Mona work with us as she is professional, knowledgeable and is very efficient, allowing us to concentrate on other aspects of our business knowing that the accounting side is well managed.

DARLENE SELIGMAN, Vice President @ ARKTOS Developments Ltd

Mona Soleimani is a highly skilled accountant who has added much value to Skills Canada BC. Not only has Mona excelled at setting up financial reporting systems for us, Mona has helped the organization save money and maximize revenue opportunities along the way.

ELAINE ALLAN BA. MBA , Executive Director, Skills Canada BC

Soleimani Accounting, Chartered Professional Accountant, provides first class accounting services with the highest integrity. As a new technology start-up company they have worked hard to get all our finance infrastructure set up and ready as we launch the our new company. Thank you for your continuing great service.

MICHELLE MOLLINEAUX, Co-Founder & CEO KoolProjects Media

Mona has given me great service at a reasonable price for my small business. She understands the limited resources available to a small company and makes it easy to talk about my goals for my company. I would recommend her to anyone needing a reliable and ethical accountant.

STEPHANIE FROLEK , Making Calm Out of Chaos

Mona is friendly, personable, and very competent accountant. I regularly contact Mona about accounting and tax questions that I come across during my practice and I am always impressed by the breadth of Mona’s knowledge and expertise. I have no hesitation recommending my friends, family and clients to Mona.

L. HAMILL

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