Review engagement report (discrepancies): Cemetery and Cemetery Sales Licence and Prearranged Funeral Plan Sales Company Licence
Cemetery and Cemetery Sales Licence holders and Prearranged Funeral Plan Sales Company Licence holders need to submit a Review Engagement Report each year for their trust accounts as part of the renewal process for a Cemetery and Cemetery Sales Licence and a Prearranged Funeral Plan Sales Company Licence. You need to have a licensed public accountant complete the Review Engagement Report to confirm that you’re in compliance with the required accounting criteria in the Cemetery and Funeral Services Act and regulations for the last fiscal year.
Use the Review Engagement Report – Discrepancies Form if you have a Cemetery and Cemetery Sales Licence or a Prearranged Funeral Plan Sales Company Licence, and there are compliance discrepancies to report in your accounting for the last fiscal year.
Compliance review
Each year, Cemetery and Cemetery Sales Licence holders and Prearranged Funeral Plan Sales Company Licence holders need to have a licensed public accountant review the funeral home’s or cemetery’s trust accounts for compliance with the required accounting criteria in the Cemetery and Funeral Services Act and regulations.
The licensed public accountant completes the Review Engagement Report – Discrepancies Form if there are compliance discrepancies to report. The licensed public accountant completes the Review Engagement Report – No Discrepancies Form if there are no compliance discrepancies to report.
You need to submit the Review Engagement Report as part of the annual renewal process for a Cemetery and Cemetery Sales Licence and Prearranged Funeral Plan Sales Company Licence .
Who can use this form
Cemetery and Cemetery Sales Licence holders and Prearranged Funeral Plan Sales Company Licence holders with trust accounts need to use this form. Licence holders need to have a licensed public accountant complete the form on their behalf. You need to submit the report annually as part of the renewal process for a Cemetery and Cemetery Sales Licence and Prearranged Funeral Plan Sales Company Licence.
What you need to do
- Review your licence renewal package (including instructions and reporting requirements).
- Get your licensed public accountant to complete the form.
- Sign the form.
- Include the form with your licence renewal.
Cost
There is no cost to submit the report, but you need to pay the renewal fee when you renew your Cemetery and Cemetery Sales Licence and Prearranged Funeral Plan Sales Company Licence.
Before you start
Make sure you:
- provide the form to your accountant
- are available to sign the form