Assurance

Audit of financial statements

The audit process is a valuable one that allows business owners to gain additional insight into their businesses. As such, it ensures owners are better prepared to communicate with their financial partners.

We at Nexia Friedman have the flexibility and capability to address the needs of a diverse clientele in privately owned and managed businesses and publicly traded companies in various sectors of the economy – wholesale, retail, manufacturing, real estate, service, professional, high technology industries, and more.

Approved by the Canadian Public Accountability Board (CPAB) to conduct audits of publicly traded companies, Nexia Friedman has mastered a unique approach to conducting effective audits. The specialized team of auditors ensures an orderly and timely process in keeping with our commitment to quality.

Review of financial statements

While an audit of financial statements isn’t always necessary, it is often necessary that financial statements still comply with generally accepted accounting principles. This is where a review engagement comes into play.

A review engagement, which consists mainly of enquiry, analytical procedures, and discussion, assures a company’s management or financial partners that its statements are plausible.

Report on controls in service organizations

Do you need to demonstrate that your service organization has the necessary safeguards to protect customer data?

A successful CSAe 3416 (formerly 5970) audit will differentiate you in the marketplace. Our clients not only value our technical expertise, but our focus on integrity, our commitment to quality, and our genuine concern for their businesses. The service auditor’s procedures are conducted in accordance with the standards issued by the Canadian Institute of Chartered Accountants (CICA) or the American Institute of Certified Public Accountants (AICPA). They embody professional standards and are used by a service auditor to report on the processing of transactions by a service organization for use by management, clients and other auditors. Nexia Friedman professionals provide a hands-on approach which ensures that relevant issues are raised and opportunities are taken advantage of.

Audit of pension plans

For companies large or small, ensuring compliance with all regulatory changes and avoiding potential penalties is important. Aiding our clients in this area represents a substantial part of our audit service offerings. Pension plan audits require a thorough understanding of the regulatory environment under which a pension plan is governed. Our professionals are kept up to date on the issues affecting pension governance and compliance, including changes in accounting principles that may impact pension plans, and are therefore positioned to provide valuable compliance-ensuring reports on audits of pension plans.

Internal control assessment