A Notice to Reader, now called a compilation engagement, is financial statements assembled by an accountant from information you provide, with no assurance offered.
A compilation, historically labelled a Notice to Reader, is the most common and least expensive level of accountant-prepared statements for small private corporations. The accountant compiles the statements from your figures without auditing or reviewing them, and the report makes clear that no assurance is provided.
It suits owner-managed companies whose statements are used mainly internally and for the T2 return. When a lender, shareholders or a regulator needs comfort on the numbers, a higher level, a review engagement (limited assurance) or an audit (highest assurance), is required instead.
A small corporation needs statements to file its T2 and support a modest line of credit. A Notice to Reader compilation is prepared, giving properly formatted statements at the lowest cost, since no audit or review is required.
Our certified accounting firm handles this for businesses and individuals across Canada, at fixed fees with no surprises.
Book a Free 15-Minute CallCommon questions regarding our compliance workflows and service guarantees.