Lenders, investors and other stakeholders may ask for audited, reviewed or compiled financial statements. The main difference between them is the level of assurance provided.
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Helpful Resources for Individuals & Businesses
General information to help you understand financial statement engagements and find official tax resources.
Guide
Understanding Financial Statement Engagements
Audit Engagement
Reasonable assurance
The most comprehensive engagement. The auditor gathers evidence and expresses an independent opinion on whether the financial statements are fairly presented.
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Review Engagement
Limited assurance
Primarily inquiry and analytical procedures. The practitioner concludes whether anything suggests the financial statements are not fairly presented.
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Compilation Engagement
No assurance
Financial statements are prepared from information you provide, without audit or review procedures. Often used for tax and internal purposes.
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Before You Get in Touch
Helpful Information to Have Ready
Having a few details on hand helps us understand your needs and respond more efficiently.
- A brief description of the services you are interested in
- Whether you are contacting us as an individual, a business, a not-for-profit or a registered charity
- Your organization’s fiscal year-end, if applicable
- Any deadlines or requirements from lenders, funders, regulators or other stakeholders
Individuals, Businesses & Not-for-Profits
Whether you are an individual, an owner-managed business, a not-for-profit organization or a registered charity, we tailor our services to your reporting and filing needs.
Official Resources
Government & Professional Links
These external websites provide official information and online services. DV CPA Professional Corporation is not responsible for the content of external sites.
Canada Revenue Agency
Official information on personal and business taxes, forms and publications.
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CRA My Account for Individuals
View your tax returns, notices of assessment, benefits and more online.
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CRA Digital Services for Businesses
Access My Business Account and other online services for businesses.
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Ontario Business Registry
Register, maintain and file annual returns for Ontario businesses and corporations.
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CPA Ontario
The regulatory body for Chartered Professional Accountants in Ontario.
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The information on this website is general in nature and is not a substitute for professional advice. Please contact us to discuss your specific situation.
Contact
Let's Talk About Your Accounting Needs
Tell us a little about your situation and the services you are interested in. Email is currently the best way to reach DV CPA Professional Corporation, and we will follow up to discuss how we can help.
- dv@dv-cpa.com
- Serving clients across Ontario, Canada
