Financial Statement Questionnaire

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
Corporation's Legal Name*
Corporation's Signing Officer:*
Intended Use of Financial Statements
What is the intended use of the Compiled Financial Information? *
Managerial review, loan applications, loan continuance, lease obligations, etc.
Will our report be used by third parties (banker, lender, landlord, etc.)*

YesNoUncertain
Please list any known users*
Name of bank / banker, etc.
Third-party users (banker, lender, landlord, etc.) will be able to:*

Request or obtain further information from you / your company as neededReview and agree with the basis of accounting to be applied in the preparation of the compiled financial information

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?*

YesNo
Please describe an alternative basis of accounting you'd prefer. *
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*

YesNo
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.*

YesNo

Basic Information