CSRS 4200 Compilations
If your bank, lender, or lawyer has asked for "compiled" or "Notice to Reader" statements, what they need today is a CSRS 4200 compilation engagement — the year-end statements prepared under CPA Canada’s current standard, signed by a CPA. The standard was overhauled in late 2021 and lender expectations have tightened ever since. Roitor is set up to deliver compilations built to the current CSRS 4200 requirements
What CSRS 4200 actually is
CSRS 4200 is the Canadian Standard on Related Services 4200 — CPA Canada’s standard for year-end compiled financial statements. Under the standard, a compilation engagement report can only be signed by a CPA practitioner, which is why banks, lenders, and CRA accept these statements as a reliable representation of your business. Roitor is set up to deliver CSRS 4200 compilations for incorporated clients, signed by Varun Gugliya, CPA — in the format banks expect, with the disclosure language the standard requires.
A compilation engagement is not an audit or a review. Under CSRS 4200, we do not verify the accuracy or completeness of the information you provide; the financial statements are compiled on the basis of accounting disclosed in the report itself. The Practitioner’s Compilation Report states explicitly that no assurance is expressed. This is the standard your bank, lender, or CRA is expecting when they ask for compiled statements — and it is important you understand the difference between a compilation and an audit or review before we begin
What you get
CSRS 4200 compliant compiled financial statements — Balance Sheet, Income Statement, and Statement of Cash Flows where applicable
Practitioner's Compilation Report signed by Varun Gugliya, CPA
Note disclosure of the basis of accounting (cash, modified cash, or accrual)
Underlying working papers retained per CPA Ontario standards
GIFI mapping that flows directly into your T2 return
Bank-ready PDF package delivered through the secure client portal
When you need a CSRS 4200
Your bank or lender asks for year-end financial statements during loan or line of credit renewal
You're applying for new financing or a refinance
Your shareholders' agreement or board requires annual compiled statements
CRA requests financial statements in response to a review or audit
You're selling the business and the buyer's lawyer or accountant requests statement