ASD CPA has extensive experience in providing accounting services for a wide variety of industries. We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency.

If your business is incorporated, the Canada Revenue Agency requires financial statement information to be filed using the GIFI, or General Index of Financial Information for Corporations. If notes to the financial statements, or an auditor or accountant's report were prepared, they should also be submitted with the tax return. 

While audited financial statements are not required to be filed, some incorporated small businesses may be required to provide audited financial statements to their bank, for example, if the corporation has a loan from the bank. Some businesses may have other reasons for requiring an audit, such as the need for new financing, the sale or purchase of a business or because management finds added value in the audit. However, for many businesses, the additional costs may outweigh the benefits of more rigorous scrutiny. We can help you determine the level of assurance most beneficial for your business and tailor the work to meet your needs.

If your business has minimal external reporting requirements and you are actively involved in daily operations, a compilation engagement is a lower cost alternative. For the compilation, we create easy-to-read financial statements from information provided to us. A compilation is most appropriate when prepared primarily for use by management/owner or meeting tax filing requirements.

Call us at 780-469-1621 , contact us today by email or book an appointment to learn about your business's financial statement requirements.