SERVICES · ENGAGEMENTS
SERVICES · ENGAGEMENTSReviews and compilations tailored to your business.
Reviews and compilations *tailored* to your business.The level of assurance you need depends on who will rely on your statements, whether that is a lender, a funder or an investor. We help you choose the right engagement and plan the work around your deadlines.
The level of assurance you need depends on who will rely on your statements, whether that is a lender, a funder or an investor. We help you choose the right engagement and plan the work around your deadlines.
Levels of assurance
Levels of assuranceTwo levels of engagement
Two levels of engagementWe review your needs with you and recommend the engagement that fits.
We review your needs with you and recommend the engagement that fits.01
01A review provides limited assurance that your financial statements are plausible. We reach that conclusion through inquiry, analytical procedures and discussions with management. Reviews are normally required when a credit agreement is in place or being applied for.
A review provides limited assurance that your financial statements are plausible. We reach that conclusion through inquiry, analytical procedures and discussions with management. Reviews are normally required when a credit agreement is in place or being applied for.Review engagements
Review engagements02
02A compilation provides no assurance. We prepare your financial statements from the information management provides. Compilations are the most common engagement: management uses them to review results and prepare tax returns, and some lenders accept them when assessing a loan application.
A compilation provides no assurance. We prepare your financial statements from the information management provides. Compilations are the most common engagement: management uses them to review results and prepare tax returns, and some lenders accept them when assessing a loan application.Compilation engagements
Compilation engagementsChoosing
ChoosingWhich one do you need?
Which one do you need?The right level depends on who will use your statements and why.
The right level depends on who will use your statements and why.Review
**Review**Limited
LimitedLenders, when a credit agreement is in place or being applied for
Lenders, when a credit agreement is in place or being applied forCompilation
**Compilation**None
NoneManagement, for results and tax returns; some lenders
Management, for results and tax returns; some lendersWorking with us
Working with usHow an engagement actually runs
How an engagement actually runsWe start by finding out who needs your statements and what they need them for, since that determines the level of engagement. We then plan the work around your statutory deadlines and tell you up front what we need from you and when. We explain our findings in plain language, so you can answer with confidence when a lender or funder asks about your statements.
We start by finding out who needs your statements and what they need them for, since that determines the level of engagement. We then plan the work around your statutory deadlines and tell you up front what we need from you and when. We explain our findings in plain language, so you can answer with confidence when a lender or funder asks about your statements.“
“We have been using Paul for years for our business and personal. Matt and Paul are very knowledgeable & professional.
*We have been using Paul for years for our business and personal. Matt and Paul are very knowledgeable & professional.*Cathy C.
Cathy C.Google review
Google reviewBefore you call
Before you callQuestions we get a lot
Questions we get a lotReviews are normally required when a credit agreement is in place or being applied for. The lender wants to know the statements are plausible.
Reviews are normally required when a credit agreement is in place or being applied for. The lender wants to know the statements are plausible.Compilations are the most common engagement. Management uses them to see the results of the business and to complete tax returns, and some financial institutions accept them when deciding on a loan.
Compilations are the most common engagement. Management uses them to see the results of the business and to complete tax returns, and some financial institutions accept them when deciding on a loan.Yes. If a new lender or funder asks for more assurance, we can move you to a higher level of engagement. Many clients start with a compilation and add a review when they apply for credit.
Yes. If a new lender or funder asks for more assurance, we can move you to a higher level of engagement. Many clients start with a compilation and add a review when they apply for credit.Have a question that isn't answered here?
Have a question that isn't answered here?
REACH OUT
REACH OUTLet’s get started
Let’s get startedTell us about your business and we will explain how we can help.
Tell us about your business and we will explain how we can help.CALL
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VISIT853 Main Street East, Hamilton
853 Main Street East, Hamilton
Chartered Professional Accountants in Hamilton, Ontario. Corporate accounting, assurance and tax for companies throughout the province.
Chartered Professional Accountants in Hamilton, Ontario. Corporate accounting, assurance and tax for companies throughout the province.Firm
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Office© 2026 KLP Partners LLP.
© 2026 KLP Partners LLP.