An alternative to having a financial statement audit is a compilation with a “Notice to Reader” placed on the unaudited financial statements prepared by a Certified Professional Accountant. Because the financial statement has not been audited or reviewed by the CPA, it does not have the level of reliability associated with audits or review engagements, however it is still accepted by many banks and other users as being adequate for their purposes. Accountants refer to such engagements that simply involve the preparation of financial information as “compilations” and the result produced is frequently more cost effective for small corporations and businesses than an audit or a review. The resulting financial statement is still likely to be far superior to a financial statement produced by an uncertified bookkeeper.

Bay Street Accounting and Tax Services will prepare your year-end financial statements, prepare adjustments, accruals, finalize the Financial Statements and provide a "Notice to Reader".