(403) 910-5355   | info@diyapc.ca

The business environment is ever changing and so are your financial requirements and those of the people that want your financial statements.

We can provide various accounting services to help you fulfill your needs and the needs of those requesting your financial statements. Need a bank loan, need to file your taxes, looking to sell your business? All of these people want to see your financial statements for various purposes. We can help you provide them with the assurance that they need regarding your financial health.

There are 3 types of accounting engagements that we provide:

Accounting Services Calgary

Audit Engagements

Under an audit engagement we will perform substantive procedures and obtain an understanding of your system of internal controls. As this is a much more extensive process than a review, it enables us to provide a much higher level of assurance through the issuance of an Auditorsʼ Report, which states that the companyʼs financial statements are in accordance with the International Financial Reporting Standards (IFRS).

When issuing an opinion, we are also required to provide an Audit Findings or Management Letter. This letter summarizes our evaluation of your internal controls, significant accounting policies, unusual transactions, disagreements with management, and any other pertinent findings

Review Engagements

Review Engagements

A Review Engagement Report is issued when needed to meet bank or statutory requirements. A low level of assurance is provided under a review engagement as we consider the plausibility of the information provided by you.

We determine the plausibility of the financial statements primarily through the use of enquiry, analytical procedures and discussions with yourself and your staff. Once plausibility is established, we will issue a Review Engagement Report with the financial statements.

The low level of assurance provided with a Review Engagement is commonly referred to as Negative Assurance. It means that nothing has come to our attention causing us to believe that the financial statements are not, in all material respects, in accordance with International Financial Reporting Standards (IFRS).

Compilation Engagements

Notice to Reader - Compilation Engagements

Under a notice to reader engagement we provide no assurance on financial statements that we prepare or assist in preparing, and we will issue a Notice to Reader report with the statements. We will simply compile the financial statements based on the information provided by you. When preparing financial statements, it is the most basic level of service a CA firm can provide. This service usually involves assistance with bookkeeping, posting adjusting entries, and preparing the annual tax return

The world around us is changing at a rapid pace and so are accounting standards to meet the requirements of the world. Contact us to see how we can help you keep on top of the ever changing financial environment