Audit Services

Our experienced audit team provides the internal and statutory audit services for all kinds of business. Our audit team, consisting of CPA, Chartered Accountant and other qualified professionals, has depth knowledge and experience of audit procedures, reporting and compliance (As per Canadian GAAP and US GAAP). An audit consists of methodical review and objective examination of an enterprise’s financial statements. The auditors report gives credibility to the financial statements. Auditing maybe statutorily required, or within the organization to minimize the possibility of occurrence of fraud or error and to ensure the effective internal control initiated by the management to achieve the goals of the organization. Our checklist of Audit procedures help in proper reporting and compliances. Our auditor provides assurance on the financial statements in the form of reports. The below given auditing services are provided by us.

• Statutory and Internal Audits

We carry out the audits in accordance with the Canadian GAAP and United States GAAP

• Compilation and Review of Financial statements

With respect to un-audited financial statements of a non-public company, compilation and review services are rendered. In compilation engagement, we present the financial statements information that is the representation of management, but expresses no assurance on the financial statements. In a review engagement, CPA expresses limited assurance on the financial statements that have not been audited. It is based on inquiry and analytical procedures performed by the auditors.

• Internal Control

Internal control is a process implemented by the management to provide the reasonable assurance regarding the reliability of financial reporting, effectiveness and efficiency of operations, and compliance with applicable laws and regulations. As an auditor we obtain an understanding of each component of internal control, assess control risk to evaluate the operating effectiveness of those controls. For example, client should separate the duties of authorization, record keeping and custody of related assets to avoid any fraud or misappropriation of assets. The internal control process may pertain to sales, purchases, accounts receivable, accounts payable, cash receipts and disbursements, inventory, payroll and personnel, and fixed assets. We help the management to evaluate the risk of financial statement misstatement.

• Special Investigative Audit Services

Despite designing and installing high quality control systems, organizations do face situations involving fraud and financial impropriety. We have assisted clients in unearthing such situations and taking remedial action.

• Due Diligence Review

We assist clients in conducting financial, legal and accounting reviews in case of mergers, acquisitions and investments. A sound understanding of local laws, regulations and accounting practices enables us to vet all critical issues in detail.

• Costing and Accounting System Design and Review

Accurately measuring and managing cost and accounting data is critical for management decision making and reporting. Our assistance in developing and installing these systems help management their decision making process.

How it works

Apart from the routine outsourcing procedure, where scanned documents are sent to us through server etc (for detail click on How it works), we can also visit the organization’s premises depending upon the size of the organization and the nature of the work involved. We can provide the services as per the convenience of the client.