Audit & Assurance
Build Lender & Investor Trust with Independent Assurance and Reporting
In today’s business environment, credible financial statements are essential for securing loans and attracting investors. Our Audit & Assurance services provide independent, CPA-certified verification of your financials – giving banks, lenders, and stakeholders confidence that your numbers are accurate and reliable. An independent audit enhances the credibility of your financial statements, helping accelerate financing approvals and boosting your business’s reputation. Beyond compliance, a quality audit can uncover insights to improve operations and strengthen your company’s financial health.
Why Audit & Assurance?
Owners, lenders, and investors all rely on trustworthy financial information to make decisions. Audited financial statements provide critical insight into your business’s health and performance. By obtaining an external audit or review, you establish trust and transparency with stakeholders. Independent assurance isn’t just about checking a box for compliance – it’s about giving you and your stakeholders peace of mind and a solid foundation for growth. Our team leverages deep expertise (IFRS, ASPE, and Canadian Auditing Standards) to ensure your financial reporting meets all regulatory requirements while highlighting opportunities to improve. In short, we make sure your books tell the true story of your business – so you can move forward with confidence.
Our Audit & Assurance Services
We offer a full suite of Audit & Assurance engagements to fit your needs, whether you’re a startup, a growing SME, or an established enterprise. Our services include:
Financial Statement Audit (IFRS/ASPE)
A comprehensive external audit of your financial statements (under IFRS or ASPE) by licensed CPAs. This highest level of assurance includes an Independent Auditor’s Report affirming that your financial statements present fairly your financial position. A rigorous audit boosts credibility with investors and can accelerate loan approvals by giving lenders confidence in your numbers. We plan our audits efficiently and work closely with your team to minimize disruptions while meeting all Canadian Auditing Standards.
Review Engagement
When a full audit isn’t required, a Review Engagement offers limited assurance at a lower cost. We perform analytical procedures and inquiries to provide a Review Engagement Report (also known as a “limited assurance” report) on your statements. This is ideal for mid-sized businesses and situations where banks or partners request reviewed (but not audited) financial statements. A review report still enhances credibility of your financials for outsiders, giving comfort that nothing has come to our attention requiring material changes.
Compilation (Notice to Reader)
For small businesses and internal use, we prepare Compiled Financial Statements (commonly accompanied by a Notice to Reader). In a compilation engagement, our accountants help organize your financial data into professional statements without providing an assurance opinion. While no assurance is expressed, a compilation ensures your financial statements are in proper format and can be used for management purposes or basic loan applications. It’s a cost-effective way to get reliable statements when an audit or review is not needed.
Special Purpose & Compliance Audits
We conduct audits tailored to specific requirements such as grant audits, loan covenant compliance, or regulatory program audits. If you received a government grant that requires an audit of expenses, or you need to verify specific financial information to satisfy a covenant or regulator, our team can perform a targeted audit in accordance with the required standards. Special purpose audits ensure you remain in compliance with stakeholder or program rules and provide third parties with the exact reports they need. From nonprofit compliance audits to trust account audits, we’ve got you covered.
Internal Controls & Risk Advisory
Strong internal controls are the backbone of fraud prevention and accurate financial reporting. Our auditors perform internal control reviews and SOX-style assessments to evaluate the effectiveness of your processes. We identify control weaknesses that could lead to errors or fraud and help you implement improvements to protect your assets and minimize risk. Strengthening internal controls not only safeguards your business but also improves operational efficiency by streamlining processes. Whether you need a formal internal audit or consulting on risk management, we will help fortify your business against threats.
IFRS/ASPE Conversion & Advisory
Changing accounting frameworks or standards? Our experts guide you through converting between IFRS and ASPE (or other GAAP frameworks) smoothly and accurately. We help prepare opening balance sheet adjustments, draft new accounting policies, and ensure all required financial statement disclosures are in place for a seamless transition. With accounting standards constantly evolving, our advisory services keep you compliant with the latest rules. From adopting new IFRS updates to transitioning a growing private company from ASPE to IFRS, we provide strategic advice so your financial reporting meets its new requirements with minimal headaches.
Benefits of Quality Audits & Assurance
Partnering with us for Audit & Assurance yields more than just a report – you gain strategic advantages for your business:
Enhanced Credibility for Financing: Audited or reviewed statements lend instant credibility to your financials, making banks and investors more willing to extend credit on favorable terms. A robust audit can be the difference in securing that crucial loan or investment by building lender trust in your numbers.
Stakeholder Confidence & Trust: Independent assurance gives shareholders, board members, customers, and partners greater confidence in your company’s stability. It builds trust with investors, lenders, and even customers who rely on your financial health. This improved transparency strengthens your reputation and relationships.
Regulatory Compliance & Risk Reduction: By having professionals verify your financial reporting, you ensure compliance with accounting standards and regulations – avoiding penalties or surprises. Audits often catch errors or misstatements early, reducing the risk of financial scandals or CRA issues down the line.
Improved Internal Controls: Our audit process highlights where controls or processes can be tightened. Implementing our recommendations helps protect assets, prevent fraud, and minimize risk. A stronger control environment means fewer errors, better data, and more secure operations.
Better Decision-Making: High-quality financial information is the foundation of good business decisions. With assurance that your financial data is accurate and timely, you can plan and strategize with confidence. Audited financials equip you with insights to drive your company forward.
Operational Efficiency & Process Improvement: Preparing for an audit encourages better organization of records and more efficient financial systems. We don’t just check the boxes – we deliver management letters with practical suggestions to streamline your accounting workflow, eliminate bottlenecks, and even reduce costs.
Why Choose Mackisen CPA for Audit & Assurance?
Choosing the right firm is key to a successful audit. Here’s what sets Mackisen CPA apart:
Top Credentials & Compliance
Our team consists of Chartered Professional Accountants (CPAs) fully licensed to perform audits in Canada. We adhere strictly to Canadian Auditing Standards and ethical guidelines, so our reports satisfy scrutiny from banks to government agencies.
Deep Expertise in IFRS & ASPE
With 35+ years of combined experience, our partners have handled audits under IFRS, ASPE, and U.S. GAAP. We’ve navigated complex areas like revenue recognition, business combinations, and financial instruments – ensuring no surprises.
Industry Experience
We’ve audited technology startups, manufacturers, real estate developers, and professional services firms. We know the typical risks in your sector and tailor our approach accordingly.
Client-Focused & Efficient
We plan ahead, communicate often, and use digital tools to minimize disruption. Clients consistently tell us the audit felt painless, on time, and on budget.
Actionable Insights & Advisory
Beyond the report, we debrief findings and suggest improvements – from inventory tracking to tax savings – acting as your trusted advisors year-round.
Local Presence, Global Perspective
Based in Montréal, Quebec, serving Montreal, Quebec, and across Canada. Personalized attention with big-firm professionalism.
Build Lender & Investor Trust with Independent Assurance and Reporting
In today’s business environment, credible financial statements are essential for securing loans and attracting investors. Our Audit & Assurance services provide independent, CPA-certified verification of your financials – giving banks, lenders, and stakeholders confidence that your numbers are accurate and reliable. An independent audit enhances the credibility of your financial statements, helping accelerate financing approvals and boosting your business’s reputation. Beyond compliance, a quality audit can uncover insights to improve operations and strengthen your company’s financial health.
Why Audit & Assurance?
Owners, lenders, and investors all rely on trustworthy financial information to make decisions. Audited financial statements provide critical insight into your business’s health and performance. By obtaining an external audit or review, you establish trust and transparency with stakeholders. Independent assurance isn’t just about checking a box for compliance – it’s about giving you and your stakeholders peace of mind and a solid foundation for growth. Our team leverages deep expertise (IFRS, ASPE, and Canadian Auditing Standards) to ensure your financial reporting meets all regulatory requirements while highlighting opportunities to improve. In short, we make sure your books tell the true story of your business – so you can move forward with confidence.
Our Audit & Assurance Services
We offer a full suite of Audit & Assurance engagements to fit your needs, whether you’re a startup, a growing SME, or an established enterprise. Our services include:
Financial Statement Audit (IFRS/ASPE)
A comprehensive external audit of your financial statements (under IFRS or ASPE) by licensed CPAs. This highest level of assurance includes an Independent Auditor’s Report affirming that your financial statements present fairly your financial position. A rigorous audit boosts credibility with investors and can accelerate loan approvals by giving lenders confidence in your numbers. We plan our audits efficiently and work closely with your team to minimize disruptions while meeting all Canadian Auditing Standards.
Review Engagement
When a full audit isn’t required, a Review Engagement offers limited assurance at a lower cost. We perform analytical procedures and inquiries to provide a Review Engagement Report (also known as a “limited assurance” report) on your statements. This is ideal for mid-sized businesses and situations where banks or partners request reviewed (but not audited) financial statements. A review report still enhances credibility of your financials for outsiders, giving comfort that nothing has come to our attention requiring material changes.
Compilation (Notice to Reader)
For small businesses and internal use, we prepare Compiled Financial Statements (commonly accompanied by a Notice to Reader). In a compilation engagement, our accountants help organize your financial data into professional statements without providing an assurance opinion. While no assurance is expressed, a compilation ensures your financial statements are in proper format and can be used for management purposes or basic loan applications. It’s a cost-effective way to get reliable statements when an audit or review is not needed.
Special Purpose & Compliance Audits
We conduct audits tailored to specific requirements such as grant audits, loan covenant compliance, or regulatory program audits. If you received a government grant that requires an audit of expenses, or you need to verify specific financial information to satisfy a covenant or regulator, our team can perform a targeted audit in accordance with the required standards. Special purpose audits ensure you remain in compliance with stakeholder or program rules and provide third parties with the exact reports they need. From nonprofit compliance audits to trust account audits, we’ve got you covered.
Internal Controls & Risk Advisory
Strong internal controls are the backbone of fraud prevention and accurate financial reporting. Our auditors perform internal control reviews and SOX-style assessments to evaluate the effectiveness of your processes. We identify control weaknesses that could lead to errors or fraud and help you implement improvements to protect your assets and minimize risk. Strengthening internal controls not only safeguards your business but also improves operational efficiency by streamlining processes. Whether you need a formal internal audit or consulting on risk management, we will help fortify your business against threats.
IFRS/ASPE Conversion & Advisory
Changing accounting frameworks or standards? Our experts guide you through converting between IFRS and ASPE (or other GAAP frameworks) smoothly and accurately. We help prepare opening balance sheet adjustments, draft new accounting policies, and ensure all required financial statement disclosures are in place for a seamless transition. With accounting standards constantly evolving, our advisory services keep you compliant with the latest rules. From adopting new IFRS updates to transitioning a growing private company from ASPE to IFRS, we provide strategic advice so your financial reporting meets its new requirements with minimal headaches.
Benefits of Quality Audits & Assurance
Partnering with us for Audit & Assurance yields more than just a report – you gain strategic advantages for your business:
Enhanced Credibility for Financing: Audited or reviewed statements lend instant credibility to your financials, making banks and investors more willing to extend credit on favorable terms. A robust audit can be the difference in securing that crucial loan or investment by building lender trust in your numbers.
Stakeholder Confidence & Trust: Independent assurance gives shareholders, board members, customers, and partners greater confidence in your company’s stability. It builds trust with investors, lenders, and even customers who rely on your financial health. This improved transparency strengthens your reputation and relationships.
Regulatory Compliance & Risk Reduction: By having professionals verify your financial reporting, you ensure compliance with accounting standards and regulations – avoiding penalties or surprises. Audits often catch errors or misstatements early, reducing the risk of financial scandals or CRA issues down the line.
Improved Internal Controls: Our audit process highlights where controls or processes can be tightened. Implementing our recommendations helps protect assets, prevent fraud, and minimize risk. A stronger control environment means fewer errors, better data, and more secure operations.
Better Decision-Making: High-quality financial information is the foundation of good business decisions. With assurance that your financial data is accurate and timely, you can plan and strategize with confidence. Audited financials equip you with insights to drive your company forward.
Operational Efficiency & Process Improvement: Preparing for an audit encourages better organization of records and more efficient financial systems. We don’t just check the boxes – we deliver management letters with practical suggestions to streamline your accounting workflow, eliminate bottlenecks, and even reduce costs.
Why Choose Mackisen CPA for Audit & Assurance?
Choosing the right firm is key to a successful audit. Here’s what sets Mackisen CPA apart:
Top Credentials & Compliance
Our team consists of Chartered Professional Accountants (CPAs) fully licensed to perform audits in Canada. We adhere strictly to Canadian Auditing Standards and ethical guidelines, so our reports satisfy scrutiny from banks to government agencies.
Deep Expertise in IFRS & ASPE
With 35+ years of combined experience, our partners have handled audits under IFRS, ASPE, and U.S. GAAP. We’ve navigated complex areas like revenue recognition, business combinations, and financial instruments – ensuring no surprises.
Industry Experience
We’ve audited technology startups, manufacturers, real estate developers, and professional services firms. We know the typical risks in your sector and tailor our approach accordingly.
Client-Focused & Efficient
We plan ahead, communicate often, and use digital tools to minimize disruption. Clients consistently tell us the audit felt painless, on time, and on budget.
Actionable Insights & Advisory
Beyond the report, we debrief findings and suggest improvements – from inventory tracking to tax savings – acting as your trusted advisors year-round.
Local Presence, Global Perspective
Based in Montréal, Quebec, serving Montreal, Quebec, and across Canada. Personalized attention with big-firm professionalism.
01
Do you offer bilingual service (EN/FR)?
02
How do your fees and packages work?
03
What industries do you specialize in?
04
Do you offer a free consultation?
01
Do you offer bilingual service (EN/FR)?
02
How do your fees and packages work?
03
What industries do you specialize in?
04
Do you offer a free consultation?
01
Do you offer bilingual service (EN/FR)?
02
How do your fees and packages work?
03
What industries do you specialize in?
04