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Compilation of the financial data of the syndicate of co-owners by a Chartered professional accountant, in the format of financial statements. The accountant does not verify the exactness or the completeness of the information supplied and does not give any opinion. The work carried out is not intended to offer any assurance on the trust worthiness of the information which has been compiled. To warn the reader of this absence of assurances, each page of the financial statements must bear a warning entitled “Notice to reader”. This notice, attached to the financial statements, specifies that the information has not been the object of an audit and that the information may not be suitable for the use of the reader.
01/03/2022
In theory, your co-ownership doesn't necessarily need a Chartered Professional Accountant to present its financial information, whether it's financial statements, financial forecasts or financing applications. Competent administrators or a manager could do the work and present the required financial information well. However, the need may arise if the co-owners have doubts about…...
09/08/2022
Question: We would like to know if the law requires having our syndicate’s financial statements audited by an accountant....