Year End Accounting
Edelkoort Smethurst Schein CPA’s LLP is fully registered in Public Practice with the Chartered Professional Accountants of Ontario to provide Corporate and Personal Taxation, and Financial Statement Compilation services to the public. Obtaining full registration is a process that requires completion of additional courses and studies, as well as ongoing practice inspections by CPA Ontario. In other words, meeting rigorous professional standards. We’re committed to the highest standard of service and invests in its staff to ensure they are current with accounting and tax reporting frameworks.
Bookkeeping and Statutory Tax related filings
Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts and payments by an individual or organization. The accountant creates reports from the recorded financial transactions recorded by the bookkeeper and files forms with government agencies.
Edelkoort Smethurst Schein CPA’s LLP utilizes computerized accounting software which allows for accurate recording of transactions, and provides support for financial statement compilations, and statutory filings. Staff within the Firm are trained to support a variety of different software applications. Most importantly, we ensure that your financial records are input accurately, on a timely basis to meet deadline, that information is secure and confidential, and finally, interpreted in such a way so that you can understand how your operations are performing. We would be pleased to discuss how we can support your business.
Financial Statement Compilation
The procedures performed are not designed to enable CPAs to provide any assurance on the reliability of the compiled information. To warn readers of this lack of assurance, the Firm attaches a “Notice To Reader” report that states that no audit or review was performed on the information, and that the information may not be appropriate for use by the reader. If CPAs know, or have reason to believe financial statements are misleading or incorrect, they must not associate with this information. A compilation may be appropriate where financial statements are prepared for the exclusive use of the company’s management or for income tax purposes.
We would be pleased to discuss providing your company or organization with financial compilation services.