Financial Reporting

“Hale’s Rule – The sumptuousness of a company’s annual report is in inverse proportion to its profitability.” – Irving Hale

The financial reporting process, as with all our services, is custom fit to the needs of the business.  In addition to providing compliance with governmental regulations and laws, these engagements also provide for the opportunity to provide constructive solutions for maximizing your company’s profitability and efficiency.   Whether in person, by telephone, or by email, every engagement is reviewed and discussed prior to its completion and final release.

Though financial reporting usually occurs at the conclusion of the fiscal year end for most corporations, interim reporting, or reporting due to special circumstances, such as a change in control, or when submitting a loan application, can also be accommodated.

In addition, the staff are well versed in the reporting requirements required by such agencies as CADAC, City and Regional Child Care Licensing, Children Services, Ministry of Health, as well the preparation of AIR and TPAR reports.

Our firm of licensed public accountants can provide financial reporting at all three levels of assurance:

• Audit – an intensive examination with the highest level of assurance, usually required by banking institutions, funders, or by owners’ and/or shareholders’ agreement;
• Review – some analytical procedures conducted with limited assurance, usually an option selected by closely held companies, in which a few unrelated parties are involved or by lending institutions that require some assurance from the business owners;
• Compilation – a non-assurance based engagement based upon information provided by the client and primarily for internal use by management, owners, and government agencies.