Auditing & Accounting

Auditing is the examination and verification of financial statements and their supporting records and documents by independent parties who have no direct interest in their results. The independent accountants will report upon the statements after having performed tests and procedures in conformity with professional standards established by a professional body. In Quebec, the Order of Chartered Accountants is the licenced body which accredits accounting firms as qualified to certify financial statements.

Our firm has been certified to provide opinions on financial statements and all of our principals are licenced chartered accountants. The core of our practice is auditing which includes both public companies trading on Canadian and United States stock exchanges and private companies.

For each engagement we provide a well trained well balanced team of auditors to effect an efficient audit to minimize cost. Our auditors are equipped with the latest in portable computers and technological software as tools in performing their tasks. Each clients financial statements or trial balance are entered into a computer prior to the commencement of the audit using specially designed software which provides instant, modified financial statements after each adjustment, ready to be printed in final form.

Auditing involves an evaluation of the accounting systems and internal controls established by the enterprise and a testing of the effectiveness of these systems to ensure reliability of the accounts. This evaluation assists our auditors in establishing a materiality level and the degree of auditing required. The extent of accuracy of the sample tests determines the ultimate magnitude of the audit.

Before each engagement we will review with our client the use of the enterprise's financial statements to establish the necessity of having the statements audited or alternately, to provide a "review engagement" or "notice to reader" report. These latter forms of engagement can be performed at a substantially lower cost.