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How much does a financial statement compilation cost? The cost of a financial statement compilation generally ranges from $750 to $2,500. Many CPAs will include the review at the time your taxes are prepared and roll the cost together.
Compilation Engagement (Notice to Reader) Included with the financial statements that are prepared is a report that is called a Notice to Reader stating that the financial statements are unaudited, and that there is no assurance provided by the CPA that the amounts are free from materially misstatements.
A notice to reader financial statement must be signed by an external chartered accountant. Even if a business has a sophisticated financial or accounting team in-house, they must use an external CPA (Chartered Professional Accountants) to create and sign a Notice to Reader.
A Notice to Reader, or Compilation engagement, is the base level engagement provided by an accountant, unlike a Review or Audit, no assurance nor opinion is provided on the presentation of the financial statements.
The business financial statement report is no longer called Notice to Reader; it is now called the Compilation Engagement Report. In addition, the report contains a note which states the basis of accounting for the numbers reported on the financial statement.
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A Notice to Reader (NTR) financial statement, now called a Compilation Engagement Report, is a financial statement compiled by an external Chartered Professional Accountant (CPA) based on the information provided by the business owner or the management of the company.
Anyone can prepare financial statements. If youre talking about financials that are accurate - none listed as requirement in the question - then someone whos experienced (not necessarily a CPA) can produce that. If youre talking about financials that are accurate AND can be relied on to make business decis

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