Audit & Review Engagements
An audit or review of a private company or not for profit organization may be requested by the client’s financial lenders, partners, shareholders, board members, or government funders when they require the independent assurance provided by a CPA firm. They can then place greater reliance on the financial statements provided by management to make their investment, funding, and financing decisions.
Audit of financial statements
The objective of an audit is to issue an opinion on the fairness of your organization’s financial statements. It is meant to provide reasonable assurance that the financial statements are free of material misstatement and are in accordance with the applicable Canadian accounting standards.
Review engagement reports on financial statements
A review engagement provides a lower level of assurance that nothing has come to our attention that causes us to believe that the financial statements do not present fairly, in all material respects, the financial statements in accordance with the applicable Canadian accounting standards.
Our experience in audits and review engagements cover the following types of organizations:
- Private companies
- Agricultural and recreational societies
- Community associations
- Chamber of Commerce
- Other not-for-profit organizations.