In the process of securing loans for your corporation, your bank may require a notice to reader (compilation), review, or audited financial statements. This will allow the bank to assess your corporation's ability to repay the loan. Your business will need to report under the appropriate accounting framework: ASPE, ASNPO, or IFRS. These standards ensure all companies are consistent in their financial reporting and not over-reporting or under-reporting certain line items. The type of report you may require depends on the level of assurance your creditor requires.