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About Shellnutt

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Like most accounting firms we offer the general types of accounting statements: Compilations (Notice to Reader), Review Engagements and Audits.

Compilation (Notice to Reader)

The objective in a compilation engagement is to arrange financial information obtained from the client in the form of financial statements that are arithmetically correct and not false or misleading.

Unlike an audit or a review engagement, where the Accountant attaches a communication adding credibility and assurance, no expression of assurance is provided with a compilation.

Review Engagement

In an audit and a review engagement, the Accountant attests that the information is presented in accordance with Canadian generally accepted accounting principles (Canadian GAAP).

In a compilation engagement, on the other hand, the financial statements compiled by the CGA need not be in accordance with Canadian GAAP.

Other Accounting Services

  • Feedback and recommendations
  • Preparation of custom financial and management reports
  • Preparation of financial statements and year end files
  • Preparation of T2 Corporate Tax
  • Preparation of T1 Personal Tax
  • Estate Returns
  • Succession Planning
  • Review of Financial Reports