At Swainson Alexander LLP we offer a wide range of corporate services built on the principle that every business has unique characteristics. This principle drives us to get to know you and your business so that we can provide advice and solutions suited to your needs. We have over 50 years of financial statement experience serving business owners in and around Red Deer.
Levels of Financial Reporting:
- Compilation or Notice to Reader engagement - Using Canadian compilation standards we compile information provided by management into a standard financial statement format. Generally this level of financial statement is sufficient for the small owner managed business needing to file corporate tax returns. The accounting fees for this type of engagement tend to be lower than the two choices below. Banks may accept this type of engagement but often look to the reputation of the client and designation of the accounting firm used.
- Review engagement - Using Canadian generally accepted review standards a review consists primarily of inquiry, analytical procedures and discussions related to the information management provides. This is a limited assurance engagement and normally consists of a balance sheet, income statement, statement of cash flows and accompanying notes which give additional information to the users. This type of engagement is typically required for significant bank loans or non active shareholders.
- Audit engagement- Using Canadian generally accepted audit standards an audit consists of significant work in gathering evidence to support the financial statements. These financial statements provide the highest level of assurance. Our firm is solely focused on providing audit services to Not-for-profit and charity organizations as we recognize the value and support this can be to our community.
Our clients enjoy the convenience of receiving the service they need in a timely manner.