AUDIT:
A well-conducted audit can generate ideas for reducing waste, tightening controls and spotting financial trouble before it occurs. GCI Advisors are Licensed Public Accountants and will conduct the audit of your financial statements as independent auditors in accordance with Canadian Auditing Standards.
When is an Audit engagement required?
Depending on the type of industry your business operates in, an audit may be mandated by regulators. In other instances an audit can be useful in providing assurance to the board or shareholders that are not involved in the day-to-day operations of a company.
In some cases, businesses may require additional assurance relating to their business operations. A special purpose report can assist you in delivering tailored information for specific audiences, for instance to demonstrate compliance with regulations or agreements.
If you are considering a future sale of your company, having audited financial statements of your business for past years are a source of assurance to future potential buyers.
An audit engagement requires a customized approach that fits your business. Our team works to understand your business, the industry you operate in and
the primary users of the financial statements. We build a comprehensive and independent audit for your needs to enhance the credibility and reliability of your financial statements.
By turning data into information and recommendations, our professionals can help you make better decisions, improve the business’ future performance, and communicate these with your shareholders, banks, investors and partners.
REVIEW:
Review engagements consist primary of inquiry and analytical procedures of your financial information. A review engagement may fit your needs if you require limited assurance. GCI will conduct the review of your financial information in accordance to the Canadian Standard on Review Engagements.
When is a Review engagement required?
Banks, creditors, and potential investors may request a review of financial statement before completing a transaction or investing.
A review engagement is also useful for shareholders and directors to gain assurance that the financial statements used for decision making are plausible and in accordance accounting standards.
Why GCI?
Depending on your preference, GCI can conduct a Review engagement virtually or in person. Our team works to understand your business, the industry you operate in and the primary users of the financial statements. A GCI Review will allow you to deliver detailed and compliant financial statements to help your business take the next step.
By turning data into information and recommendations, our professionals can help you make better decisions, improve the business’ future performance, and communicate these with your shareholders, banks, investors and partners.