External Audit
Our firm follows audit guidelines prescribed by CPA Canada on all our audit engagements. The audit objective is to obtain sufficient evidence to provide us with assurance that the financial statements are free from material misstatement. Our audit approach is designed to enable us to obtain this assurance as efficiently as possible.
The audit strategy we use includes the development of client specific audit programs. First, we clearly agree the terms of our engagement and gather information so that we may understand your business and your accounting system including detailed system documentation, risk assessment and walkthroughs of the key systems, with testing of key controls. We then plan and carry out our audit steps to substantiate the amounts and results in your annual financial statements. We then evaluate the overall results of our audit procedures, perform final analytical reviews, and issue our audit report and management letter.
We make extensive use of computers in our audit planning, member confirmation process, testing, working paper and financial statement preparation. This improves our cost effectiveness for you in addition to saving you time.
UNDERSTANDING YOUR NEEDS
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MEETING YOUR NEEDS
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Contact Us to discuss how we can serve your credit union today.