At the time of application my company will have just reached its Fiscal Year End and audited financials will not be ready for a couple of months. Are we ineligible?
OMIF - Technical
Financial statements must be current and dated within six months of the applicant’s fiscal year-end.
- Internally prepared statements will be accepted for applications requesting $15,000 or less (note: minimum request is $10,000).
- A minimum of Compilation Engagement Report or Notice-to-Reader financial statements will be accepted for applications requesting more than $15,000 and up to $150,000. Financial statements must be prepared and signed by a third party accountant who is a member in good standing of a provincial branch of the Chartered Professional Accountants (CPA).
- Review engagement or audited financial statements are required for applications requesting more than $150,000, and must be conducted by an independent public accountant.