[Dan Bergen]

When doing a compilation engagement, do you CA's, CGA's, and CMA's do a statement of cash flows? It seems like a bit of a waste of time given the type of engagement, but we don't want to run into "institute problems". I notice that every example of the new NTR includes the cash flow statement, but I have talked to one fellow who survived practice review without doing them.

[Tim Parris]

Where are you located... legally, there are requirements in certain jurisdictions.

As you have a designation (I presume), you would receive more authoritative answer from your provincial association than from this forum. If you do not have a designation, you may have legal issues with preparing such work.

[dunner]

A Notice To Reader doesn't have to be prepared according to GAAP so there should be no requirement to include a cash flow statement. I've had a practice review (where they reviewed Notice To Reader f/s's) and there was no mention at all of any lack of a cash flow statement.

[Gordon Wiber]

If you prepare using the direct method, very useful document showing your clients how their cash was used, not a fan of the indirect method.