Financial Statement Preparation & Reporting

Monitor Your Organization’s Financial Pulse & Comply With Tax Regulations

Most organizations are legally required to present annual financial statements to shareholders and must also prepare year-end financial statements for tax purposes that comply with the Canadian Generally Accepted Accounting Principles (GAAP). However, financial statement reports are also useful for determining how your business is performing and for forecasting its future outlook. Having the right information at the right time helps you make better business decisions.

Financial accounting is the cornerstone of an accountant’s work, so many organizations without financial expertise reach out to a Certified General Accountant to prepare financial statements on their behalf. At Bell & Company we work with companies all sizes, from small family businesses to multi-million dollar corporations in Victoria, BC, providing a snapshot of the financial position of each of our clients’ companies.

Effective management of financial affairs, including financial statement preparation, requires in-depth knowledge, organization, and expertise. We possess the professional experience, industry knowledge, and understanding of business needs that enables us to carry out procedures designed to cater to professional standards and provide clarity of reporting for those who rely on financial statements.

Our accountants provide three levels of financial preparation and reporting services, each of which lends a different level of assurance or credibility and each of which suits specific circumstances and requirements. These three levels include:

  1. Audit – Highest Level of Assurance
  2. Review – Moderate Level of Assurance
  3. Compilation – Lowest Level of Assurance

Because of the differences in the nature and amount of work done, the cost to perform an audit, review, or compilation varies accordingly. Contact one of our accountants to learn more about these services and to determine which level of financial statement preparation best suits your needs.

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