Giving you more confidence in your financial statements.

An accounting audit is the highest level of assurance on financial statements that a CPA can provide. An audit gives you reasonable confidence that your financial statements are free of inaccuracies and are in accordance with Canadian accounting standards. Internal audits and audit engagement reports provide the highest level of assurance that your financial statements are free of material misstatements.

Reliable, accurate financial reporting for your business.

In completing an internal audit or audit engagement, our Chartered Professional Accountants will use various procedures, including analytical, inspection, observation, external confirmation, recalculation, and inquiry to complete the following:

Prepare financial statements in accordance with applicable accounting standards, including a balance sheet, statement of retained earnings, statement of earnings, statement of cash flow, and notes to the financial statements.
Provide a detailed management letter outlining upcoming tax liability and filing responsibilities.
Prepare and file the T2 Corporate Income Tax Return and other federal and provincial returns.
Prepare in-depth corporate tax planning and individual tax planning for shareholders.
Audit all compliance returns (GST/HST, WCB, PST etc.) to confirm accuracy and filings are up to date.
Audit all aspects of balance sheet and income statement accounts to determine if free from errors.
Provide recommendations regarding any issues that have come to our attention including internal control deficiencies and risk mitigation techniques.
Draft letters of instructions to your lawyer to draft the necessary resolutions for dividends declared or other issues regarding corporate structure.
Financial reporting services to meet your business needs.

Review engagements provide a higher degree of accuracy than a compilation of your financial statements without the extensive analysis that comes with an audit. This is a great option for medium-sized businesses. Looking for a lower cost, informal Notice to Reader Financial Statement or a more thorough High Assurance Financial Audit instead? Cross & Company can assist with that too!

Want us to review your company’s financial statements?

If you are in need of professional financial reporting solutions or have questions about the services we offer, please don’t hesitate to contact our accounting firm for more information about review engagements. Book your appointment today!