• Financial Statement Questionnaire

    This form is long (we're sorry) and requires lots of details (we're really sorry) and may take 10 - 15 minutes to complete. 

    The Chartered Professional Accountant (CPA) Institute has instituted new regulations (CSRS 4200) around financial statements. If you need financial statements, additional information and management acknowledgements are required.

    We are unable to complete the preparation of your compiled financial information if you do not complete the below form. Should you have any questions please do not hesitate to reach out :).

  • Basic Information

  • Intended Use of Financial Statements

  • Will our report be used by third parties (banker, landlord, potential buyers, etc.)*
  • Third-party users (banker, landlord, potential buyers etc.) will be able to:*

  • Basis of Accounting

    We recommend compiled financial information be prepared on a historical cost basis, reflecting cash transactions with certain additions such as: Accounts receivable less an allowance for doubtful accounts estimate, Prepaid expenses accruals, Property, plant, and equipment amortized on the same basis as for income tax purposes, Accounts payable and accrued liabilities, Current income taxes payable as at the reporting date, Unearned revenue accruals, Long-term debt amortized over the terms of the loan.
  • Do you accept the above basis of accounting and acknowledge that it is expected to be applied by Creekside Accounting Ltd. on your compiled financial information?*
  • Do you take responsibility for selecting this basis of accounting and acknowledge that you have had the opportunity to request a different basis of accounting*
  • Agree to take responsibility for the final version of the compiled financial information. It is possible that the basis of accounting expected to be applied in the preparation of the compiled financial information may change while performing your engagement. You will be provided with a draft report to review before finalization. Please note you will need to sign a management acknowledgement letter taking responsibility for the information before we can finalize your compiled financial information report.*

  • Business Information Request

  • Bookkeeping Inquiries

  • What bookkeeping software do you utilize?*
  • What format is your bookkeeping records kept in?*

  • Revenue Inquiries

  • When do you invoice/bill your customers?

  • Payroll Inquiries

  • Do you have employees / payroll?*
  • How often is your payroll prepared?*
  • Do you have subcontractors?*

  • Financial Statement Components

    Almost There!
  • Please select the assets owned by your corporation*
  • Please select the liabilities held by your corporation*
  • Please select the expenses incurred by your corporation*
  • What taxes are applicable in your business?*

  • Creekside Section

    Office Use Only
  • Preparer: What were the prior year adjusting journal entries?
  • CPA: Considering your knowledge of the client and the above information, do you think the financial information will be misleading after our adjustments are made?
  • Should be Empty: