Maroof HS CPA Professional Corporation, Toronto

Financial Statements (Notice-to-Reader) – Compilation Report

We prepare Notice-to-Reader Financial statements in the province of Ontario and Alberta in Canada.

Compilation of Financial Statements

Compilation Engagement Reports (Formerly Notice to Reader Financial Statements)

At Maroof HS CPA Professional Corporation, we perform Compilation of Financial Statements engagements.

Often these statements are known as Notice-to-Reader Financial Statements in Canada. However, effective December 14, 2021, CSRS 4200 now replaces Sec 9200 that previously dealt with Notice to Reader Financial Statements. The CPA firms now issue Compilation Engagement Report instead of Notice to Reader. This is a major change to standardize the practice of issuing financial statements across the industry by establishing clearer standards.

Read: CSRS 4200 Compilation Engagements

We usually prepare these financial statements along with corporate tax returns by taking them up as a compilation engagement. In certain situations, clients need financial statements either for internal management use or as requested by third parties. Compiled financial statements are prepared as per the applicable standards (CSRS 4200).

We prepare financial statements for businesses in both Canada and the United States. In Canada, we can issue financial statements in the provinces of Ontario and Alberta. For the United States, Compilation reports are issued by the individual U.S. CPA (not the firm) and you must let us know the state and the purpose to determine the rules related to practice privilege.

Ontario registered best CPA firm
Chartered Accountant in Alberta

Advanced Financial Reporting

Based on Specific clients’ needs, we do offer one-off Advanced financial reporting services to handle occasional transactions OR A periodic support to fill the gap of skill sets of the accounting team .

Some of the areas where we help include:

  • Preparation of a complete set of Financial Statements
  • Accounting for Mergers and Acquisitions
  • Consolidated and Combined Financial Statements
  • Reporting for entities with complex legal structures
  • Financial Statements based on IFRS, ASPE & US GAAP
  • Compilation of Financial Statements
  • Handling of Complex transactions
Important disclosure:

Maroof HS CPA Professional Corporation is an accounting firm registered with CPA Ontario & Alberta. Each province or territory in Canada has its own CPA Act or equivalent which governs and regulates the accounting profession in the respective provinces. We currently offer CPA services in Ontario and Alberta, and are in the process of registration with other provinces as well. This does not preclude us from providing tax preparation and bookkeeping services in provinces other than Ontario & Alberta. In the United States, compilation engagements are performed by Maroof H. Sabri who is a CPA licensed from North Dakota and may be able to provide compilation services in other states under the practice privilege.

Our Services

We offer a range of services when it comes to income tax services for both individuals and corporations in Canada and the United States. 

Learn more about our income tax, accounting and business consultancy. 

Get In Touch!

Ready to find out why are we the favourite accountants in Canada? Get in touch with us to experience the best services in the city. 

We respond to all quote requests within one business day!

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What Our Client's Say

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Shawn
XNM Creations - Toronto
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"Absolutely the best CPA out there. I made over 100 calls before I met them! Maroof is extremely knowledgeable and genuinely wants to help other businesses. He takes time to explain complex things. He is also future-proof, so young entrepreneurs like to easily approach him."
AJ & Raheel
Car Squad - Toronto
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"Very professional and easy to deal with, Maroof was flawless in dealing with and helping us secure our financing for a multi-million dollar automotive operations in GTA. We tried several places, and Maroof was by far the best and easiest to deal with, thanks for all the help, my friend! Looking forward to more future business!"
Daniel Passmore
Passmore Law - California
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“Maroof has prepared several financial statements for my clients. He is thorough, accurate, detailed, and attentive. I continue to utilize his services and have never been disappointed.”
Gary Rotman
Hew Technologies & SIMPL
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“I had been looking for a reliable Chartered accountant, found Maroof. He has proved to be an excellent decision for our both companies. His team handles all our accounting requirements, for both our US and Canadian corporations. His pricing/value has been one of the best I have seen in over 30 years in business working with many people in the accounting and income tax disciplines. Highly recommended!”
Eric Ing
Nozo Inc.
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Maroof was super helpful and professional. Helped me through a tonne of my business and personal taxes. Answered quickly, answered all my questions, was patient with the process, made the entire thing understandable. I'll be sticking with this guy for all my future tax needs and have already referred him to a few of my friends. Super legit dude, friendly personality.
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