Keep things in motion while you run your business. There are some basic financial reporting requirements that financial statement users need. If your company has bank financing or if there are multiple shareholders in the company, there may be a need for review engagement financial statements or in special circumstances, audited financial statements. The process of going through a financial statement audit or review, need not be a stressful or inconvenient one.
While the standards and regulations governing these engagements are set forth by the Canadian Institute of Chartered Accountants, Wilson CPA’s can facilitate the process by:
- Explaining the processes and results in “plain English”
- Conducting compliance audits and reporting on risk areas
- Identifying opportunities for profit enhancement and efficiency gains
- Special assignments and investigations for shareholders, banks, potential investors and others
- Reporting on areas where there could be deficiencies in management reporting, internal or financial controls