Financial Audit Engagements
Financial audit services provide the best means for you to demonstrate that your financial reports accurately reflect your company’s accounting and business activities. We conduct all of our financial accounting services in accordance with the Canadian Audit Standards but also adapt the process to meet your specific needs and goals. Our exceptional, multi-disciplinary team staff reviews all necessary documents, reports, ledgers, and other information as well as meets with key personnel to assure that your audit engagement is thorough and accurate.
Once the accounting audit is complete, we document our findings in detailed reports that are formatted to provide the best communication to the target audience of the report, whether it is a lender, government agency, or company shareholders. We also provide expert opinions regarding the accounting, financial, and business practices of your company as well as other information as is required to meet your needs. Our audit engagement process helps you build trust and confidence through transparency, clarity and consistency
Many of our clients request audit engagements to meet specific internal or external needs. While there are many standard practices within the accounting audit process, our financial professionals will consider the purpose of the audit during all phases of the process.
External Audits are conducted for clients when an outside party requires independent verification by sight, confirmation, discussion with management, assessment of internal controls, and analytical procedures, that a company’s financial reports are substantively correct. The accounting audit may be requested before funding or benefits that will be extended to a company, or to assure compliance with specific regulations.
Outside parties may include:
- Financial Institutions
- Regulatory Agencies
- Securities Commission
- Insurance Companies
- Private Equity Firms
Internal Audits are conducted in a similar manner to an external audit but depending on the reason for this accounting audit, may address additional information or have a more narrow focus than an external audit. The reasons a company might require or request an internal audit include:
- Shareholder‘s Request or Demand
- Change in Ownership (Partner Joining of Leaving)
- Pre-Sale or Merger Assessment
- Identification of Risk-Mitigation Options
- Strategic Planning Support
- Operational Assessment
- Profitability Maximization Support
Whatever your financial accounting audit needs, we will provide you with the expertise and support to meet your specific goals. Our job is to make your job easier. Please contact us for more information on how we can partner with you to help your business grow.