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We provide audit service for private corporations and non-profit-organizations. Audit is the highest level of insurance engagement.

 

We followed audit standards to perform audit procedures with our firm high quality controls. Based on audit work, we provide our advice on improvement of internal controls and related operations to help mitigate the potential risks, keep compliance with related regulations.

 

Besides regular audit of financial statements engagement, we work on agreed-upon procedures engagements. For instance, we complete Trust Report - Part C - Summary of Accountant's Specified Procedures for law firms following the filing instructions required by the Law Society of British Columbia.

 

 

CSRS4200

The new Canadian Standard on Related Services (CSRS) 4200, Compilation Engagements replaces Section 9200, compilation engagements and Assurance and Related Services Guideline AuG-5, Compilation Engagements - Financial Statement Disclosures. CSRS4200 is effective for compiled financial information for periods ending on or after December 14, 2021.

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Basis of Accounting

 

A note describing the basis of accounting applied is required to improve the understandability of financial information. Management is required to obtain third party approval of the expected basis of accounting.

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