Assistance to Preparers


The way in which a company communicates with its shareholders and other stakeholders reflects management’s integrity.

Everything I do is to improve transparency in financial communications.

My belief is that, regardless of the complexity of transactions and other events, financial reporting should be clear and understandable.

My goal is to raise the financial reporting bar.

Value added includes:

  • Manage risks effectively
  • Proactively control the financial reporting process by identifying complications and resolving them in real time
  • Reduce stress through better control, leading to more timely filings
  • Manage compliance costs by avoiding surprises
  • Free up your time for running operations and creating value
  • Continuous learning so you can convey more effectively the company’s financial position and performance


Whatever the scope of the engagement, deliverables include auditable documentation to corroborate the accounting and financial reporting conclusions reached to ensure the audit cost is managed and regulatory needs are satisfied.

Engagements are usually on a fixed fee basis, which removes uncertainty and is a cost-effective way of obtaining necessary expertise.

Continuous disclosure oversight

Continuous disclosure oversight is an effective internal control to help support, for example, the CEO & CFO certifications over internal controls over financial reporting (ICFR).

Engaging me for continuous disclosure oversight is an effective internal control to help support these certifications. Note that involvement by the company’s auditor is not an internal control.

Financial statement preparation/assistance

Acquiring the expertise for financial statement preparation under either the International Financial Reporting Standards (IFRS® Standards) or Accounting Standards for Private Enterprises (ASPE) solves your problem of not enough time and ensures the quality of financial reporting is maintained (or improved).

Obtaining assistance makes sense where any of the following apply:

  • management has no time available due to the competing demands of running the finance function for the business;
  • the financials have a broad readership (such as outside investors or they are to be used in a public document as part of a transaction) which demands a higher financial reporting bar;
  • a need exists to establish enhanced internal controls over financial reporting;
  • a desire for a higher level of quality control due to accounting for complex transactions or events;
  • separating the preparation of the financial statements from the audit is required to protect the auditor’s independence and objectivity; or
  • there is a need or desire to ensure best practices are adopted.

Financial statement preparation includes documenting the financial reporting and accounting positions taken in determining: accounting policies, recognition and presentation issues, as necessary.

Ad hoc needs

Many preparers do not have the resource in-house to deal with needs as they arise. Assistance can be provided to satisfy demand from many sources:

  • Adoption of new accounting standards;
  • Responding to enquiry letters following the regulator’s review of the company’s continuous disclosures;
  • Conversions to IFRS Standards from private Canadian GAAP (ASPE) or the accounting framework in the company’s jurisdiction; or
  • Consultation in applying a financial reporting standard, such as judgements and estimates and accounting for complex transactions or events.

Knowledge transfer

Keep management’s understanding of financial reporting requirements up to date.