Notice to reader (NTR) financial statements. These are the foundation of financial reporting for a company. I carry out a brief review of the financial records looking for any obvious and / or misleading errors and publish the financial statements in a format that is accepted by the Canada Revenue Agency, banks and other users. NTR engagements are most suitable for companies where the owners take an active part in the day-to-day management of the business and have effective internal controls in place – i.e. they sign the cheques.
Sole proprietors and partnerships who want their financial statements to be prepared by someone independent of the business, and for compiling their tax returns, also request NTR engagements.
Review Engagement Reports (RER). A review engagement consists of a more detailed examination of the company’s financial statements. I will discuss the company’s financial records and business processes with management and carry out an analysis of significant account balances and financial ratios. Although this is not an audit, the process gives readers of the financial statements assurance that they are likely prepared in accordance with Canadian Generally Accepted Accounting Principles. Review engagements are often required by companies whose owners have delegated the day-to-day management to others, or by banks who have made significant loans to a business. Likewise bonding companies normally require RER.
Financial forecasts and projections. I can assist you by preparing budgets to help you manage your business, and forecasts or projections to show to potential lenders or investors.