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Financial Statements for Your Lender

Signed by a licensed CPA firm. Usually ready within days.

Your bank, brokerage or partner wants financial statements. We prepare them from your books, ready to forward as one PDF.

Book an intro meeting

Who is asking?

Who is asking shapes the statements

Tell us who wants the statements. It decides the basis we use and what the notes explain.

Concept Accounting & AdvisoryCompilation Engagement Report

For use by

Your bank

Operating line renewals, equipment finance, a commercial mortgage, or a personal mortgage backed by your corporation.

Most Canadian lenders accept a compilation for an owner-managed business.

What it is

Still called a Notice to Reader

Lenders still use the old name. What they need now is a compilation under CSRS 4200.

Old nameNotice to Reader

The old Canadian standard.

NowCompilation, CSRS 4200

For periods ending on or after December 14, 2021. Canada-wide.

  • States the basisA note describes the accounting basis used.
  • Fits the useBuilt for the person who asked, so they get what they need.
  • No auditNo assurance opinion. Usually what lenders ask for.
The statements balance. They just do not describe the business.

Lenders read your statements to understand how your business makes money. We set up your accounts around how your business really works, then keep them current every month. That is why statements take days, not weeks.

How it works

From request to PDF

You never act as the go-between for your bank and your accountant.

  1. First call1

    Tell us who and when

    Bank, brokerage, partner or lawyer, and any deadline.

  2. Before we start2

    We check the books

    If we keep them, they are ready. If not, you see the clean-up cost first.

  3. WITHIN DAYS3

    We prepare and sign

    Prepared to CSRS 4200 and signed by a licensed CPA firm. You sign online.

  4. Done4

    You forward one PDF

    If your lender has questions, we answer them directly.

Book an intro meeting

Questions

What owners ask us

Short answers to the six questions we hear most.

Is a compilation the same as a Notice to Reader?
It replaced it. If your lender asks for a Notice to Reader, a compilation is what they need.
Will my bank accept it, or want an audit?
For an owner-managed business, a compilation is usually what lenders expect. If yours needs an audit or review, we tell you on the call.
How fast can you do it?
Usually within days if we keep your books. If not, we give you a date before we start.
Do I need one every year?
Only if someone asks. Many lenders ask every year.
Can you do this if someone else keeps my books?
Yes. We review the books first and tell you what needs fixing.
What does it cost?
We give you a fixed price once we see your books. See pricing.

Someone asked for your financial statements?

A 15-minute intro meeting with Hashim Awad, CPA. Tell us who is asking and by when. We tell you what is involved and what it costs.

Related: Accounting for Real Estate Teams, Corporate Tax Returns

Concept Accounting & Advisory Professional Corporation Book an intro meeting