a financial audit is an independent,
objective evaluation of an organization's financial reports and financial reporting
processes. The primary purpose for financial audits is to give regulators,
investors, directors, and managers reasonable assurance that financial statements
are accurate and complete.
while an audit is meant to give some
reasonable assurance that the financial statements are free of material
misstatements, a review engagement is only meant to ascertain whether or not the
financial statements are believable or plausible.
A review provides limited assurance that the
financial statements conform to generally accepted accounting principles. This type
of assurance is known as negative assurance. This means that as the professional
accountant is only providing assurance that nothing has come to their attention that
would indicate the financial information is not presented in accordance with
Canadian accounting standards for not-for-profit organizations
Notice to Reader / Compilation:
a notice to reader or compilation is simply a
compiling of information into financial statements, based on information provided by
their client. No assurance is provided. Therefore a compilation is only appropriate
where users do not need assurance that the financial information conforms in all
respects to Canadian accounting standards for not-for-profit organizations.
we are proud to provide professional taxation
services in compliance with Canadian Income Tax Act for: Business Tax - Personal Tax
- Private Client Services - Trust, Estate, and Succession Planning
Financial Projection and Planning
financial projection is a forecast of future
revenues and expenses. Typically, the projection will account for internal or
historical data and will include a prediction of external market factors.
In general, you will need to develop both
short- and mid-term financial projections. A short-term projection accounts for the
first year of your business, normally outlined month by month. A mid-term financial
projection typically accounts for the coming three years of business, outlined year
Financial Due Diligence:
Due diligence is a process of verification,
investigation, or audit of a potential deal or investment opportunity to confirm all
facts, financial information, and to verify anything else that was brought up during
an M&A deal or investment process. Due diligence is completed before a deal closes
to provide the buyer with an assurance of what they’re getting.
internal control is a process for assuring of
an organization's objectives in operational effectiveness and efficiency, reliable
financial reporting, and compliance with laws, regulations and policies. A broad
concept, internal control involves everything that controls risks to an
Financial reporting is the financial results
of an organization that are released to the public. This reporting is a key function
of the controller, who may be assisted by the investor relations officer if an
organization is publicly held.
we provide our valued clients a research
service for technical accounting matter in the IFRS and ASPE
we assist clients with the timely and
accurate month-end execution of the Financial Statement Closing Process (FSCP). This
includes monthly closing and reporting of the books and records, account
reconciliations, cost accruals, analysis of financial statement variances to
forecast and budget and general compliance with IFRS / US GAAP and the clients
Internal Controls, Policies & Procedures and overall delivery of the external audit,
as well as other tasks as directed by leadership.