A Financial Statement Letter serves as a crucial communication tool between financial professionals and stakeholders in the Canadian business environment. This document is typically used when formal confirmation or professional opinion is required regarding financial statements, whether for regulatory compliance, stakeholder reporting, or internal governance purposes. The letter includes detailed observations about financial reporting practices, compliance with Canadian accounting standards (GAAP/IFRS), and may address specific concerns or requirements raised by management, boards, or regulatory bodies. It's particularly important in contexts where formal documentation of financial review findings is necessary, such as annual reporting, due diligence processes, or regulatory submissions.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Letterhead and Date: Professional letterhead including firm name, address, contact information, and current date
2. Addressee Information: Recipient's name, title, company name, and complete address
3. Subject Line: Clear indication of the letter's purpose and the financial period covered
4. Scope of Review: Description of what financial information was reviewed and the time period covered
5. Management Responsibilities: Statement clarifying management's responsibility for the financial statements and internal controls
6. Professional Standards Reference: Reference to relevant accounting standards and professional guidelines followed
7. Findings and Observations: Summary of key findings from the financial statement review
8. Conclusions: Professional opinion or conclusions based on the review conducted
9. Limitations and Restrictions: Any limitations of the review and restrictions on the use of the letter
10. Signature Block: Professional signature, including firm name and professional designations
1. Basis of Accounting: Include when special accounting frameworks or methods are used that differ from standard GAAP/IFRS
2. Going Concern Assessment: Include when there are significant doubts about the entity's ability to continue as a going concern
3. Subsequent Events: Include when significant events occurred after the financial statement date that require disclosure
4. Regulatory Compliance Statement: Include for regulated industries or when specifically requested by regulatory bodies
5. Internal Control Observations: Include when specifically requested or when significant control issues were identified
6. Prior Period Comparisons: Include when comparing current period with previous periods' results
1. Schedule A - Financial Statements: Complete set of financial statements being referenced (Balance Sheet, Income Statement, Cash Flow Statement)
2. Schedule B - Notes to Financial Statements: Detailed notes and explanations supporting the financial statements
3. Schedule C - Analysis Schedules: Supporting schedules showing detailed calculations or analyses referenced in the letter
4. Appendix 1 - Accounting Policies: Summary of significant accounting policies applied
5. Appendix 2 - Adjusting Entries: List of significant adjusting entries identified during the review
6. Appendix 3 - Supporting Documentation: Key documents supporting specific findings or conclusions mentioned in the letter
Relevant legal definitions
Accounting Period
Applicable Financial Reporting Framework
Audit Committee
Board of Directors
Canadian GAAP
Company
Consolidated Financial Statements
Control(s)
Engagement
Financial Position
Financial Statements
Fiscal Year
IFRS
Internal Control Framework
Management
Material Misstatement
Materiality
Professional Standards
Regulatory Requirements
Related Parties
Reporting Currency
Review Procedures
Scope of Review
Significant Accounting Policies
Statement of Cash Flows
Statement of Comprehensive Income
Statement of Financial Position
Subsequent Events
Applicable Financial Reporting Framework
Audit Committee
Board of Directors
Canadian GAAP
Company
Consolidated Financial Statements
Control(s)
Engagement
Financial Position
Financial Statements
Fiscal Year
IFRS
Internal Control Framework
Management
Material Misstatement
Materiality
Professional Standards
Regulatory Requirements
Related Parties
Reporting Currency
Review Procedures
Scope of Review
Significant Accounting Policies
Statement of Cash Flows
Statement of Comprehensive Income
Statement of Financial Position
Subsequent Events
Clauses
Purpose and Scope
Professional Standards
Confidentiality
Use Restriction
Management Responsibility
Basis of Accounting
Review Limitations
Professional Judgment
Regulatory Compliance
Reliance on Information
Disclaimer
Distribution Restrictions
Independence
Quality Control
Professional Liability
Document Retention
Third Party Rights
Governing Law
Professional Standards
Confidentiality
Use Restriction
Management Responsibility
Basis of Accounting
Review Limitations
Professional Judgment
Regulatory Compliance
Reliance on Information
Disclaimer
Distribution Restrictions
Independence
Quality Control
Professional Liability
Document Retention
Third Party Rights
Governing Law
Relevant Industries
Financial Services
Manufacturing
Retail
Technology
Healthcare
Real Estate
Energy
Mining
Transportation
Professional Services
Education
Non-Profit
Construction
Agriculture
Telecommunications
Relevant Teams
Finance
Accounting
Compliance
Internal Audit
Treasury
Tax
Risk Management
Corporate Governance
Legal
Executive Leadership
Relevant Roles
Chief Financial Officer
Financial Controller
Accounting Manager
Corporate Treasurer
Financial Analyst
Compliance Officer
Internal Auditor
External Auditor
Tax Manager
Financial Director
Risk Manager
Board Member
CEO
Company Secretary
Financial Reporting Manager
Find the exact document you need
Non Disclosure Confidentiality Agreement
Canadian-law governed Non-Disclosure Agreement protecting confidential information shared between parties, incorporating federal and provincial privacy law compliance.
Download
Statement Consent Passport Minor
A Canadian legal document providing parental or guardian consent for a minor's passport application, complying with federal passport regulations and provincial family law requirements.
Download
Witness Statement Affidavit
A formal sworn document used in Canadian jurisdictions containing witness testimony and evidence, commissioned by an authorized official for use in legal or administrative proceedings.
Download
Police Statement Form
A Canadian legal document used by law enforcement to record formal statements from individuals involved in police investigations, ensuring compliance with federal and provincial requirements.
Download
Student Statement Form
A Canadian-compliant document used by educational institutions to collect student information, declarations, and policy acknowledgments.
Download
Financial Support Letter For Immigration
A legally binding document used in Canadian immigration processes where a person commits to financially supporting an immigration applicant.
Download
Affidavit For Name Discrepancy
A Canadian legal document sworn before a commissioned official to formally declare and explain variations in how a person's name appears across different official documents.
Download
Financial Statement Letter
A formal document providing professional commentary on financial statements, prepared in accordance with Canadian financial reporting standards and regulations.
Download
Birth Registration Statement Form
A Canadian legal document required to officially register a newborn's birth and establish their legal identity, administered under provincial/territorial vital statistics legislation.
Download
Affidavit For Correction Of Title
A sworn legal document used in Canadian jurisdictions to correct errors in property title records through the land registration system.
Download
Statement Form
A Canadian legal document used to record formal written declarations, complying with federal and provincial requirements for sworn statements.
Download
Signature Agreement Statement
A Canadian-law governed document that validates and authenticates signatures for associated agreements, supporting both traditional and electronic signing methods.
Download
Self Employment Statement Letter
A formal Canadian document declaring and verifying an individual's self-employed status, used for various official and business purposes.
Download
Retirement Statement Letter
A formal Canadian jurisdiction document confirming an employee's retirement arrangements, pension benefits, and post-retirement entitlements.
Download
Privacy Statement And Consent Form
A Canadian-compliant document that explains an organization's privacy practices and obtains consent for personal information processing under PIPEDA and provincial privacy laws.
Download
Form For Change Of Registered Office
A Canadian legal form used to officially notify authorities of a change in a corporation's registered office address, complying with federal or provincial requirements.
Download
Pre Agreement Statement And Quotation
A Canadian-compliant preliminary business document that outlines proposed products/services, costs, and terms, serving as a formal quotation and basis for future agreements.
Download
Non Disclosure Affidavit
A Canadian-compliant sworn legal document establishing binding confidentiality obligations, executed before a commissioner of oaths or notary public.
Download
Confidentiality Agreement Signature Page
Canadian-compliant signature page for confidentiality agreements, including all necessary execution requirements under federal and provincial laws.
Download
Employee Statement Form
A Canadian-compliant form capturing essential employee information, declarations, and acknowledgments for employment documentation purposes.
Download
Privacy Consent Statement
A legal document outlining personal information handling practices and obtaining consent under Canadian privacy laws.
Download
Consent Statement
A Canadian-compliant document for obtaining explicit permission to collect, use, and disclose personal information under PIPEDA and provincial privacy laws.
Download
Post Employment Confidentiality Agreement
A Canadian-law governed agreement protecting company confidential information after employment termination, establishing post-employment confidentiality obligations.
Download
Confidentiality Agreement For Business Plan
A Canadian-law compliant confidentiality agreement specifically designed to protect business plan information and related confidential materials during business discussions and evaluations.
Download
Contractor Confidentiality Agreement
A Canadian-law governed agreement establishing confidentiality obligations between a company and contractor, protecting sensitive business information and trade secrets.
Download
Form For Change In Registered Office Of Company
A Canadian regulatory filing form to officially change a company's registered office address under federal or provincial corporate law.
Download
Privacy And Confidentiality Agreement
A Canadian-law governed agreement establishing terms for protecting confidential information and ensuring privacy compliance under PIPEDA and provincial legislation.
Download
Affidavit Written Statement
A legally binding sworn statement made under oath or affirmation in accordance with Canadian federal and provincial requirements.
Download
Written Statement Of Consent For Passport
A Canadian legal document providing formal consent for passport issuance, typically used for minor's passport applications or special circumstances requiring third-party authorization.
Download
Income Statement Letter
A Canadian-compliant official document verifying an individual's income from an authorized source, typically used for financial, rental, or governmental purposes.
Download
Affidavit Financial Support Letter
A legally binding sworn declaration used in Canadian immigration processes where a sponsor commits to providing financial support for an individual entering or staying in Canada.
Download
Company Statement Letter
A formal corporate document used in Canadian business practice for making official company declarations or statements, subject to federal and provincial corporate laws.
Download
Statement Of Consent For Minor To Travel
A Canadian legal document providing parental/guardian authorization for a minor's travel, meeting federal and provincial requirements for domestic and international journey documentation.
Download
Affidavit Of Financial Declaration
A sworn financial disclosure document used in Canadian family law proceedings to declare comprehensive details of an individual's financial position for court consideration.
Download
Statement Of Earnings Form
A Canadian-compliant payroll document detailing employee earnings, deductions, and year-to-date totals for each pay period.
Download
Statement Of Financial Support Form
A Canadian legal document declaring a formal commitment to provide financial support to another party, typically used in immigration and educational contexts.
Download
Guarantor Statement Form
A Canadian legal document where a guarantor formally commits to assuming responsibility for another party's financial obligations, complying with federal and provincial requirements.
Download
Salary Statement Form
A Canadian-compliant document that details an employee's earnings, statutory deductions, and net pay for a specific pay period, meeting federal and provincial employment standards.
Download
Financial Statement Affidavit
A Canadian legal document providing a sworn statement of an individual's complete financial situation, including income, expenses, assets, and liabilities.
Download
Declaration Of Confidentiality Form
A Canadian-compliant formal declaration establishing an individual's commitment to protect and maintain confidentiality of organizational information.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)