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accounting firms in Brampton

Accurate and timely information is key for efficient, successful organizations. We provide a full range of financial reporting options – we can prepare financial statements for you on a compilation basis, a review basis or an audit basis. We will help you choose the type of reporting that best suits your needs.

We also provide onsite and outsourced controllership services.

We can compile your financials

The objective of a compilation engagement is to assemble unaudited financial information into financial statements, schedules or reports based on information supplied by you. A compilation engagement is appropriate where you and other users do not need financial information that conforms in all respects to generally accepted accounting principles, audit or review assurance is not required, and you understand that the statements are normally for your own management and tax filing use. This is the most common type of financial statement prepared in Canada.

We can review your financials

The objective of a review engagement is to review financial statements to determine whether they are plausible, that is, worthy of belief. Reviews provide limited assurance that your financial information conforms to generally accepted accounting principles. In performing a review we will learn about your business through intelligent research and assessment of our findings, with the limited objective of determining the plausibility of the information you have reported on. The review process involves research, analytical procedures and a discussion with you.

accounting firms in Brampton

We can audit your financials

The objective of an audit engagement is to render an opinion on the fairness of your financial statements. Federal and provincial legislation in Canada generally requires a corporation to prepare annual financial statements for audit by qualified independent auditors. You may be exempted from the audit requirement if all shareholders agree, in writing, to waive the appointment of an auditor. The financial statements subject to audit are the responsibility of your company’s management. As your auditors, our responsibility is to express an opinion on those financial statements. We must plan the audit to obtain reasonable assurance that the financial statements are free of material misstatement. Through the study and evaluation of your company’s system of internal control, and by inspection of documents, observation of assets, making of enquires within and outside your company, and by other generally accepted auditing procedures, we gather the evidence necessary to determine whether your financial statements present a fair picture of your company’s financial position and its activities during the period being audited.

We provide Controllership Services

Because independence is crucial to a review or audit engagement we can’t provide you controllership services like recordkeeping or payroll and then also provide an independent review of them – you can imagine why! However, if you do not require our review or audit services we would be pleased to offer you Controllership Services, saving you time and frustration. More importantly, you won’t fall behind on your books as so many businesses do! Once you’re behind it’s hard to get caught up, and it can be a nightmare if the CRA decides to audit any of your past tax returns. Let us keep you up to date!

accounting firms in Brampton

YOUR ONSITE CONTROLLER

Why not have a professional controller on-site to maintain and supervise your systems? We are one of the best accounting firms in Brampton providing professional accountants to your office as needed, at a fraction of the cost of a full-time employee. You will have accurate, up-to-date financial reporting, with the expert interpretation of a TurnerMoore professional on a timely basis.

YOUR OUTSOURCED CONTROLLER

Free your time for more important business management functions by engaging a TurnerMoore partner office to provide the services outsourced controller as needed

  • Record transactions and prepare the general ledger
  • Complete key reconciliations. Accounts payable maintenance and
  • payment
  • Accounts receivable maintenance and invoicing
  • Payroll processing
  • Personnel management advice

Financial statements are available on a monthly basis with interpretation by a TurnerMoore professional to keep you up to date on your financial progress. Our accounting and bookkeeping services save you valuable time and allow you to focus on developing your business.