+1-905-601-2020 info@smbcpa.ca
ASSURANCE

 

(Private and Not for Profit)

We provide audit and review services to small & medium sized corporates and not-for-profit organizations. Our firm is regulated by Chartered Professional Accountants of Ontario (CPA Ontario) and is up to date with the most recent assurance and accounting standards, to ensure that your business/organization receives the highest-quality auditing services and consultations on audit procedures.

Audit provides the highest level of assurance and review with limited assurance.

Our assurance team has vast experience of performing assurance engagements for a variety of clients and we understand the importance of completing the engagements within the deadlines set by the regulators and the management. For clients not requiring audit-level assurance, we can provide reviews reports on financial statements, documents for tax audits and assessments for audit risks.

Compilation Engagements

Clients who don’t need the assurance services (Audit & Review) may need compilation of financial statements and issue Notice to Reader (NTR) in compliance with the requirement of lending institution or for internal purposes. NTR doesn’t provide any level of assurance and compilation engagements are done based on financial information provided by the client and used for internal purposes.

Specialized Compilation Engagements

We also provide services regarding specialized compliance engagements including future oriented financial information (FOFI). These financial reports are based on agreed -upon- procedures to comply with the requirements of regulatory authorities. This may include cash flow projections for funding requirements.

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