Audit and Accounting

Audit, Review, or Notice to Reader (NTR): What Level of Assurance Do I Need?

Accounting Services TorontoLaura Couvrette • January 03, 2019 Laura CouvretteYear-end financial statements provide a ‘snapshot’ of your business’ finances. However, the level of detail required, and the associated level of assurance, varies considerably based upon the type of engagement. To determine what engagement is appropriate for your business, it is important to understand the difference between the ... Read More

Accounting Controls Every Hamilton Business Needs to Consider

Hamilton Accounting ServicesBennie Esposto • December 10, 2018 Bennie EspostoProactive accounting controls are the most effective defense against a company’s losses due to theft or fraud. These controls remove the opportunity from potential fraudsters by identifying and shoring up vulnerabilities, and detect any attempts at theft or fraud early to minimize their impact. However, these controls are also very commonly overl ... Read More

Toronto Audit Firm Answers: How Do I Know What Level of Assurance is Needed?

David D'Cruz • November 15, 2018 David D'CruzThere are three basic types of assurance engagement for year-end financial statements: the Notice to Reader (NTR), the Review, and the Audit, each of which vary in terms of cost, thoroughness, and level of assurance. So for what sort of engagement should you ask your Toronto audit firm? To help you understand the three levels ... Read More

4 Signs You’re Ready to Outsource Your Bookkeeping to a Toronto Accounting Service

Sabrina Polletti • June 18, 2018 Sabrina PollettiWhen it comes to business, timing can make a world of difference. This is particularly true of the decision to outsource your bookkeeping function. Whether you’re a start-up company that lacks the necessary internal resources, a fast-growing company that has outgrown your existing accounting function, or a foreign-owned company operating in Canad ... Read More

5 Insider’s Tips on Obtaining Financing from the Bank

Laura Couvrette • April 16, 2018 Laura CouvretteAs an audit firm, we are always advising our clients on when they should seek financing and how best to approach lenders. The reasons a business should seek financing will vary, and include supporting growth or expansion, ensuring sufficient working capital, mitigating cash flow fluctuations, dealing with emergency expenses, purchasing or replacing ... Read More