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Financial Audit

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About

Audit Of Financial Statements

Financial Audits for Halifax Businesses

In today’s financial landscape, having a company’s financial statements audited by an independent external auditor has become essential. Financial audits play a critical role in fostering transparency, ensuring accuracy, and safeguarding the corporation’s financial health. They help detect any misappropriations while promoting trust and accountability among stakeholders.

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How

The Audit Process

When a company undergoes an audit, the process is often referred to as an “audit engagement.” This term encompasses various aspects of the audit process, so it’s important for the auditor or Chartered Accountant to clearly explain what is involved. During the engagement, specific procedures and guidelines are followed to ensure the audit provides reasonable assurance to shareholders and stakeholders.

The primary objective of a financial audit is to confirm that the company’s financial statements present a true and fair view of its performance. By achieving this, the audit enhances confidence in the company’s financial integrity, which is valued by shareholders, governments, financial institutions, and other creditors. In Canada, such audits are often required under federal and provincial legislation.

TESTIMONIALS

Other Audit Engagements

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Call Us Now: (902) 123-4567