The Cannabis Regulatory Agency (CRA) sent out first notices to licensees with Annual Financial Statements (AFS) due June 30, 2023.
These notices detail the requirements to submit an AFS, the reporting period, the due date, and which licenses must be included in the report. Below is a sample of the email notice licensees may expect to receive. The Grapp Lerash team has added some formatting flair to point out the critical components of the email notice.
Remember, engaging an independent CPA, with experience in AFS reporting, early on is critical to success. Don’t hesitate to reach out to your Grapp Lerash advisor to get started.
At Grapp Lerash, we believe this agreed-upon procedures engagement should be so much more than just basic compliance. Our approach focuses on continuous process improvement. We believe that in order to be positioned for success, part of the AFS process includes ideas, suggestions, and procedural improvements. We deliver exceptional client service through a solutions-based approach, connecting clients with the right people at the right time. Let’s talk – see how we are accounting, done differently.