Financial Statements

Compiliations (prev. Notice to Readers)

With & Without Notes to Financial Statements

Compiled Financial Statements (previously also known as notice to reader engagements) are financial statements that are compiled on the basis of information provided by the management of the company.

This form of financial statement is typically used when the main user of the financial statements is the government, as an attachment to the corporate income tax returns.

Reviewed Financial Statements

A review engagement is conducted to provide limited assurance (negative assurance) that nothing has come to the attention of the accountant that causes them to believe that the financial statements are not fairly presented. This requires more work than a compilation and is, therefore, more expensive. This type of engagement is often required for a significant bank loan or inactive shareholders.

A review differs slightly from an audit and provides less assurance than an audit as no audit procedures are performed. Instead, a series of analytical procedures and inquiries are performed. The procedures provide a better understanding of key relationships among certain numbers and financial situations which provides assurance about the plausibleness of the financial condition presented in the financial statements.

CURRENT DRIVES & DONATIONS 

We are currently raising funds for our upcoming toy & pj drive! We have lots of items location that are super fun for both kids and adults.  All items are NEW and sold by donation. Come check them out at our new location: 479 Winnipeg Street or cheque out the foundation's website www.lhrcommunityfoundation.ca

Ongoing:

We are still accepting new backpacks, thermoses, lunch kits, water bottles, shoes, t-shirts and school supplies for our 'Fill-A-Backpack' program.  Our official launch of this program was extremely successful, beating our target of 50 backpacks and hitting 75!  The backpacks were disbursed to local families and school to help families with the cost of going back to school.

We are looking to expand the program to ensure families have access all year.

If you would like to donate or sponsor OR if you know a family that could use our help please contact us at: donations@lhrcommunityfoundation.ca

A HUGE thank you to the local businesses and individuals for helping make this happen

 

WE FILLED 75 BACKPACKS!

 Do you have an organization you like to support? 

Contact us and we may match your donation up to $500!

CPA Penticton
Payroll Penticton

We HAVE MoVED! Catch us @ 479 Winnipeg Street, penticton BC V2A 5M7 The site is currently under RENOVATION so we will be operating by appointment only for the month of OCTOBER

+1 250-770-0184

admin@lhrllp.ca

Hours of Operation

Monday - Friday
TEMPORARILY BY APPT ONLY DUE TO RENOVATIONS

Saturday
TEMPORARILY BY APPT ONLY DUE TO RENOVATIONS

Closed Sundays and All STAT Holidays

 

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