Year-end Financial
Statements and Assurance
We guide you to short and long term growth.
Our experienced practitioners keep you up to date with relevant financial reporting and related legislative and tax amendments throughout the year, and provide the guidance you need to manage and grow your business.
Whatever level of assurance your organization requires: compilation, review, or audit, you can be confident your business is in good hands.
Year-end Financial Statements and Assurance Services
-
Compilation
We help you prepare Compilation financial statements for internal management use and bank reporting, based on your provided accounting records.
-
Review Engagement
We help you enhance the credibility of your financial statements with a limited assurance review, often required for annual bank reporting.
-
Audit
We help you provide the highest level of assurance and confidence in your financial statements with comprehensive audit services and valuable insights.
“Our independently audited financial statements prepared annually by F.H. Black and Company exceed the high standards and expectations of Manitobans who pay to have their tires recycled. I would personally recommend F.H. Black and Company for their dedicated professionalism and trustworthy financial oversight capabilities to any organization committed to transparency and accountability.”
- Brett Eckstein, CEO of Tire Stewardship Manitoba
Compilation
A Compilation is the most common type of year-end financial statement prepared for small to medium sized businesses. Our practitioners prepare your Notice to Reader financial statements based on accounting records provided by you, without audit or review of the underlying financial information. Because of the limited scope of compilation procedures, we do not express an opinion or provide any assurance regarding the financial statements.
This level of financial statement is prepared primarily for internal management use, although certain financial institutions will also accept them for purposes of satisfying a company’s annual bank reporting requirement.
Review Engagement
A review is a limited assurance engagement. Our practitioners will perform procedures, primarily consisting of making inquiries of management and others within your business, and applying analytical procedures. Based on our inquiries and analytical procedures, we will express limited assurance that there are no material modifications that should be made to the financial statements. Because a review engagement is substantially less intensive in scope than an audit, we do not express an opinion on the fairness of the financial statements as a whole.
Having a CPA review your financial statements adds an extra layer of credibility to your reporting practices. As a result, this level of financial statement is often required by financial institutions for purposes of satisfying a company’s annual bank reporting requirement.
Audit
An audit offers the highest level of assurance and insight into your business’s financial practices and verifies the information within.
The purpose of having an audit is to provide financial statement users with an opinion by the auditor on whether the financial statements are prepared in accordance with the proper financial reporting framework, and are free from material misstatement. An audit enhances the degree of confidence that intended users, such as lenders or investors, can place in the financial statements.
As an additional benefit, our auditors may become aware of some deficiencies in internal controls or weaknesses in the organization’s systems, and offer suggestions for improvement in our annual management letter.
Other Services
-
Bookkeeping & Enterprise Accounting
Experience the freedom that comes with knowing you can focus on what owners do best: growing their business.
-
Personal & Corporate Tax
Our seasoned professionals consider your entire overall personal and business situation to ensure you’re leveraging all income tax opportunities.
-
All Services
Discover the array of services we employ to transform businesses.
Contact us.
A member of our team will contact you within 24-48 hours during regular business hours.