Financial Audit Engagements

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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.

What our clients are saying

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    The Dora Mavor Moore Awards honour creators from over 200 theatre, dance and opera productions in 48 categories over the following major divisions: General Theatre, Independent Theatre, Theatre for Young Audiences, Dance and Opera. A jury of eight-to-ten members from the professional performing arts community votes on each award and their desired recipient. Hogg, Shain
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    April 12, 2018 by

    Hogg, Shain & Scheck are, once again, proud to be gold level supporters of The Writers Guild of Canada Screenwriting Awards, which are being held Monday, April 30, 2018 at the Telus Centre’s Koerner Hall. The Writers Guild of Canada (WGC) represents more than 2,200 professional English-language screenwriters across Canada. These screenwriters have written scripts
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  • Hogg, Shain & Scheck recipient of GTA’s leading accounting firm awards

    March 22, 2018 by

    Hogg, Shain, & Scheck (HSS) is pleased to announce that we have won “Best Accounting Firm” in the Greater Toronto Area (GTA) for the 2018 Acquisition International Accounting, Audit and Tax Awards as well as “Best Accountancy Firm 2018” in Toronto for the 2018 US Business News North American Excellence Awards. This could only be
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  • HSS Team Social Before Tax Season

    March 15, 2018 by

    On February 6th, Hogg, Shain & Scheck particpated in a staff Bowling Night. The event took place at World Bowl in Richmond Hill. The staff was able to strike up great conversations, let loose and interact outside of the office before the busy tax season. There was also some fun competition, with David Clarke and
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