Financial Resources
Review Engagement Financial Statements

Guiding your business with financial reporting solutions.

Looking for assurance on the correctness of your financial statements? Review engagement reports provide a cost-effective financial statement for companies who require high accuracy and assurance and are generally required by lenders or other stakeholders for significant levels of financing. This process also involves the preparation and filing of T2 Corporate Income Tax Returns.

Assuring accuracy of your financial statements.

A review engagement offers assurance that your company’s financial statements are in compliance with the accepted accounting standards. During your engagement, our CPAs use analytical review procedures, enquiry, and discussions to complete the following as part of your review:

Prepare financial statements in accordance with applicable accounting standards, including a balance sheet, statement of retained earnings, statement of earnings, statement of cash flow, and notes to the financial statements.
Provide a detailed management letter outlining upcoming tax liability and filing responsibilities.
Prepare and file the T2 Corporate Income Tax Return and other federal and provincial returns.
Prepare in-depth corporate tax planning and individual tax planning for shareholders.
Review all compliance returns (GST/HST, WCB, PST etc.) to confirm accuracy and filings are up to date.
Provide recommendations regarding any issues that have come to our attention.
Draft letters of instructions to your lawyer to draft the necessary resolutions for dividends declared or other issues regarding corporate structure.
Financial reporting services to meet your business needs.

Review engagements provide a higher degree of accuracy than a compilation of your financial statements without the extensive analysis that comes with an audit. This is a great option for medium-sized businesses. Looking for a lower cost, informal Financial Statement or a more thorough High Assurance Financial Audit instead? Cross & Company can assist with that too!

Want us to review your company’s financial statements?

If you are in need of professional financial reporting solutions or have questions about the services we offer, please don’t hesitate to contact our accounting firm for more information about review engagements. Book your appointment today!