Financial Statement Services in Vancouver
Financial statements help you understand your business and communicate financial information to lenders, investors and other stakeholders. At N.I. Cameron Inc., we provide compilation, review and audit engagement services for businesses and organizations.
Serving Vancouver since 1993, our firm works with you to determine the engagement appropriate for your reporting needs.
Choosing the Right Engagement
The type of engagement you need depends on who will use your financial statements and any requirements set by lenders, agreements or other parties.
Compilation Engagements
A compilation engagement brings together financial information provided by management into financial statements. It does not provide assurance on that information.
Review Engagements
A review engagement provides limited assurance through procedures consisting primarily of enquiries and analytical procedures. It involves less extensive work than an audit.
Audit Engagements
An audit provides reasonable assurance about whether the financial statements are free from material misstatement. It involves assessing risks and obtaining evidence to support the auditor’s opinion.
Support for Your Financial Reporting
Our financial statement services include:
Year-end and interim financial statement preparation
Compilation engagements
Review engagements
Audit engagements
Related corporate tax return preparation, where included in the engagement
We discuss the intended use of your statements and agree on the scope of work before proceeding.
What to Expect
We begin by learning about your business, its accounting records, and your financial reporting requirements. Our team will explain the proposed engagement, outline the records needed, and coordinate with you throughout the process.
Management remains responsible for the financial information and financial statements. Our responsibilities depend on the engagement agreed upon.
What Should I Prepare?
Helpful starting records generally include your bookkeeping file or trial balance, prior-year financial statements, bank and credit card statements, accounts receivable and payable listings, and loan statements.
Depending on your business and the engagement, we may also request inventory records, asset purchase details, agreements and other supporting documents. We will provide a document list tailored to your circumstances.
Let’s Discuss Your Financial Reporting Needs
Whether you need financial statements for your business, financing or other reporting requirements, contact N.I. Cameron Inc. to discuss the appropriate next step.