Audit
Reasonable assurance
An independent opinion on whether the financial statements are presented fairly, under Canadian Auditing Standards. Required by many lenders and funders, and by some laws and bylaws.
Learn more: AuditExpertise
Assurance engagements in Montreal
Independent assurance engagements on financial statements, performed under Canadian standards by a CPA Auditor. We scope each engagement to what your stakeholders actually require, from a full audit opinion to a compilation report.
- Audit engagements (reasonable assurance opinion on financial statements)
- Review engagements (limited assurance, CSRE 2400)
- Compilation engagements (CSRS 4200)
- Financial statements under ASPE, ASNPO and IFRS
- Special reports and agreed-upon procedures
- Audit-readiness and first-year engagement support
Assurance engagements
Review engagement
Limited assurance (CSRE 2400)
A conclusion based on inquiry and analysis, for stakeholders who need assurance below an audit, at a lower cost.
Learn more: Review engagementCompilation engagement
No assurance (CSRS 4200)
Financial statements compiled from your records with a compilation engagement report, for tax filing, internal use and lenders who accept it.
Learn more: Compilation engagementWho it's for
- Companies with bank covenants or investor reporting requirements
- Non-profit organizations and charities whose funders or bylaws require an audit or review
- Condominium syndicates and associations
- Shareholders who want independent assurance on the numbers
- Businesses preparing for financing, a sale or a first audit
What to prepare
- Prior-year financial statements and the auditor's or practitioner's report
- Trial balance and access to the accounting system
- Bank statements, loan agreements and lease contracts
- Minutes, bylaws and shareholder or funding agreements
- The requirement letter from your lender, funder or board, if any
How it works
A clear engagement. A relationship that moves forward.
1
Tell us what you need
Send a short consultation request.
2
Define the scope
We confirm the service, timing, responsibilities and fees.
3
Work securely
Documents and requests move through the client portal.
4
Stay informed
We communicate key findings, deadlines and next steps throughout the engagement.
Common questions
General information, not advice for your situation. Rules and deadlines can change; we confirm what applies to you.
Audit, review or compilation: which one do I need?
It depends on who will rely on the statements. An audit gives the highest (reasonable) assurance and is often required by lenders, funders or law. A review gives limited assurance at a lower cost. A compilation presents your figures in financial statements without assurance. We confirm the requirement with your stakeholder before proposing an engagement.
How long does an engagement take?
It depends on the size and condition of the records. Once we receive the information, a compilation can take days, a review a few weeks, and an audit several weeks including planning and fieldwork. We agree on a timeline at the start.
Can you also prepare our tax return?
Yes. Assurance and tax work are coordinated so the year-end is handled once, and the corporate return follows the financial statements.
Other services
Talk to us about your situation
Request a consultation and we will reply within one or two business days.