Notice to Reader (NTR)

Notice To Reader Financial Statements Services in Canada

A Notice to Reader (NTR) or Compilation Engagement is the production of unaudited financial statements. Basically, a NTR is simply information compiled from financial data provided by the client or bookkeeper. Most small and medium size businesses are only required to have an NTR done annually in order to meet the criteria for Canadian Income Tax Act.

NOTICE TO READER REPORT

Our team of accountants compile the information from the financial statements provided and assembles the report into a standard financial format. This package includes the Notice to Reader Report, a balance sheet and income statement; possibility of notes too for financial statements. Minimal work is done to confirm the integrity of the financial statements are authentic to the business activities. As the information provided is not required to be produced following GAAP (generally accepted accounting principles), users are left to trust the business owners honesty and record keeping provided as accurate information.

The Notice to Reader or Compilation Engagement report along with the financial statements includes:

• Data compiled received from the client or the client’s bookkeeper to assemble into financial statements
• The report clearly states the scope and limitations of the report accuracy of the data was not verified
• A caution to readers the statements may not be applicable for their use
• The individual who prepared the report includes their professional status and the accounting firm